Wednesday, April 22, 2015

Thank You Janet Yellen: Rents Soaring Across the Country

Rent prices nationwide have climbed a seasonally-adjusted 3.7 percent in March from 12 months earlier, reports the real estate data firm Zillow.

In San Francisco, which sits near the epicenter of the Fed money printing spigot (thanks to Silicon Valley money), rents are up 14.8 percent, while in  San Jose they have jumped 12.3 percent. Rents average more than $3,000 a month in these areas. That's roughly $600 more than rent in the Los Angeles area, $800 more than metro New York City, and $1,000 more than the Washington, D.C. area.

Rents rose more than 8.5 percent over the past year in Denver, Louisville, Kansas City and Nashville, among other metro areas.


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