Rents Stir Up to Sustainable Trend

Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent. “Over the past two years, rent growth slowed across the country as new apartments hit […]

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Again, Rents Start Up: Zillow

Appreciation Fastest in 21 Months The ebb-and-flow in rents is shifting. According to the latest Real Estate Market Report by Zillow, annual appreciation in February was 2.8 percent—the fastest it has been in roughly two years. With the median, nationally, at $1,445, and home prices rocketing, there can be some struggle, says Aaron Terrazas, senior […]

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As 2017 Ended, Rents Rose

The median national rent rose toward the end of 2017, contrary to the predominant trend for the year, according to the November Zillow® Real Estate Market Report. The gain, 2.4 percent year-over-year to $1,435, is on par with income increases, which have ticked up 2.5 percent since November 2016. “After about a two-year slowdown, rent […]

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Changing Demand for Rentals Strains Supply

Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America’s Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. […]

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Homeowners Spend Less, Renters Spend More

Incomes are not keeping pace with rents. More earnings are needed for rent than in years past—now 29.1 percent of the median monthly income, versus the 25.8 percent needed prior to the recession, according to an analysis recently released by Zillow. The difference equals $1,957 more than if the share had stayed the same. Homeowners, […]

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Report: High Rents Worsening Homelessness

High rents are worsening homelessness in major cities across the country, especially where homelessness is already at dire levels, according to a recent analysis by Zillow. Analysts estimated resulting homeless populations given a 5 percent rise in rent in 24 metropolitan areas, forecasting critical outcomes in Los Angeles and New York, where thousands more would […]

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10 Markets Where Rents Are Rising Most

No two housing markets are alike—rents included. A recent analysis by GOBankingRates identifies the markets where rents have risen the most year-over-year, with two states dominating the ranking: 1. Marina del Ray, Calif. May 2016 Rent: $2,800 May 2017 Rent: $3,241.50 Year-Over-Year Rent Rise: $441.50 2. Medford, Mass. May 2016 Rent: $1,600 May 2017 Rent: […]

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Home Values Edge Above Pre-Downturn Peak

Home values have edged above their pre-downturn peak, with the current national median value, $198,000, 1 percent higher than in 2007, according to the April Zillow® Real Estate Market Reports. Values have risen 7.3 percent year-over-year, with values in Seattle, Wash., again topping the charts in April. Rents, at the same time, have risen 0.7 […]

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Appreciation Activity Shifts to the South

Housing markets in the South are experiencing higher levels of appreciation than those in California, which had been at the forefront of rising values, according to the Zillow Real Estate Market Reports for January. Appreciation in Nashville, Tenn., surpassed that of leader Portland, Ore., at a year-over-year rate of 12.4 percent. Home values in Dallas-Fort […]

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Is affordability the unicorn in Los Angeles real estate?

According to Trulia’s Budget Index, Los Angeles is the worst city for attempting to save. That is, considering percent of income spent on Los Angeles housing, home prices, rent, access to financial services and discount stores per 10,000 households. …