Wednesday, October 22, 2014

Apartment Rents Have Risen For 23 Consecutive Quarters; Show No Sign of Easing

Rental rates increased 1% during the third quarter to an average of $1,111 a month nationwide, according to Reis, real-estate research firm that collects data on 79 U.S. metropolitan areas, reports WSJ.. That was up 3.3% from the same quarter a year ago. Last quarter's 1% increase was faster than the second quarter's 0.9% rise.

Apartment rents have risen nationally for 23 straight quarters and are 15.2% higher than they were at the end of the recession in 2009.

The only sector where prices aren't climbing are sectors where technological improvements have increased productivity.

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