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Friday, September 04, 2015

Rents are Surging by up to 20% in These Cities

http://www.marketwatch.com/story/forget-new-york-rents-are-surging-by-up-to-20-in-these-cities-2015-09-04

Rental listings in San Francisco surged 14% to $3,530 year over year for one-bedroom apartments available in September, according to an analysis of one million listings of 50 cities by apartment rental site Zumper, and they rose by over 5% to $3,160 for a one-bedroom in New York. Zumper calculated the median asking-rents for the top 50 metro areas by population, so a glut of smaller/cheaper (or larger/more expensive) apartments in any particular month doesn’t skew the overall result. The rise in rents doesn’t necessarily mean a surge in multi-unit building construction, experts say, but reflects an unwillingness and/or inability among a young (and growing) workforce to buy.

More No inflation here folks ....

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