Real Estate

Rents for single-family homes are rising 3 times as fast as 2020

0


A for rent sign advertising a row house in northeast Capitol Hill, is pictured on Monday, August 26, 2019, in Washington D.C.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

 Demand for single-family rental homes is so strong that rents have nowhere to go but up, and they are rising at an increasingly fast pace. 

Single-family rents in October were up 10.9% year over year, according to the latest report from CoreLogic. That is three times the 3.2% annual growth seen in October 2020. The jump comes as too much demand meets not enough supply. Vacancy rates on these homes are now at a 25-year low, as an increasingly competitive and pricey for-sale housing market drives more potential buyers…



Source cnbc.com

0 0 votes
Article Rating

Nikola to pay $125 million to settle fraud charges as SEC cracks down on SPAC claims

Previous article

Cramer still believes in Santa Claus rally even as omicron cases spike

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Real Estate