Rents for U.S. Homes Drop for First Time Since 2012; Existing Home Sales Drop For 7th Straight Month

Sharing is Caring!

via Bloomberg:

Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years.

The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 percent from a year earlier and the first year-over-year decline since July 2012, according to listings website Zillow. Rents have jumped 14 percent since September 2011, or about 2.3 percent a year.

READ  What Inflation? US Residential Rents Expected To Rise By 9.5% Over Next 12 Months (Cleveland Has Fastest Rent Growth??)

 

Existing Home Sales Drop For 7th Straight Month

via Zerohedge:

As Homebuilders Stocks Collapse. This is the seventh month in a row of annual declines in existing home sales…

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.