Rents Still Skyrocketing

by Hilton Head Real Estate Partners February 03, 2016 0 comments
Home Buyer Resources, Infogrpahic

skyrocketingZillow recently revealed that the 43 million households that rent in the US spent $535 billion on rent in 2015. Rent has continued to rise since 2009 and shows no sign of slowing down. Rent has continued to rise since 2009 and shows no sign of slowing down. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month.

The article made two important points:

1. Rents are increasing faster than the last several years:

 “Apartment rents increased faster last year than at any time since 2007.”

2. Rent increases are accelerating

“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.

If you are interested in where the Bluffton / Hilton Head Island real estate market is going? Give Jo Anne or Tony Rizza (843-301-5825) a call to better understand the current market, see the latest available properties, or to list your own home!

With over 25 years of experience, our team is ready to help!

Hilton Head Real Estate Partners
Partnering with you every step of the way.

by Hilton Head Real Estate Partners February 03, 2016 0 comments
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