Wednesday, August 13, 2014

Housing Market Flat while Rents Skyrocketing

Housing Market Flat while Rents Skyrocketing
Rental Affordability Crisis Spreads to Middle America continue to plague renters, and the problem is going to only get worse all over the country. “Overall, housing dynamics are currently changing,” CoreLogic’s chief economist, said last month. “Rental demand is rising while supply is dwindling as a result of the declining share of distressed assets relative to all homes on the market. Due to this trend, rent prices will continue to climb.” Along with rents increasing the number of housing markets that have returned to their last normal levels of economy activity remained flat in August, read more.

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