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Rentals Forecasted to Rise 4.6 Percent Next Year

By mdblog - December 05, 2012
Rentals Forecasted to Rise 4.6 Percent Next Year NAR reports that rents have increased 4.1 percent this year and its continuation is forecasted to rise 4.6 percent next year. More specifically, Reis, a market research firm predicts Rents to rise by 4 percent each year from 2014 to 2015. Positive signs for landlords, as rentals are rising more rapidly, resulting in higher rental costs in metro areas. "The pendulum has definitely swung back in favor of landlords, not renters," Ryan Severino, senior economist for Reis, told USA Today.

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