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Thursday, June 30, 2011

Rental prices rise 6.7% as Americans sour on homeownership

Please Note: This is website I'm not too familiar and haven't explored that much.  Is rent increasing your area?
Prices on rental properties grew 6.7% in June as more Americans chose low-risk rentals over homeownership, a new report from housing search engine HotPads.com said Thursday.
The agency, which compared June prices to last year, attributes the rental-price surge to pent-up demand among first-time renters and larger families who can no longer afford homeownership or who lack faith in the stability of home prices.
San Francisco-based HotPads.com reached this conclusion by studying the median listing price of 500,000 rentals located in major metropolitan areas.
I've try to compare HotPads to rentometer.  Rentometer seem to have more conservative pricing.

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