Wednesday, December 5, 2012

Increase in Asking Prices Exceeds Rent in Certain Markets

National gains for rentals still grew faster than asking prices for homes in November, but in certain metros, the trend was reversed, Trulia reported Tuesday.

According to data from Trulia, rent prices in November increased by 5.6 percent year-over-year, while
prices for homes were up 3.8 percent, representing the biggest increase so far this year.

Even though rents stayed improvements, asking prices in 14 of the 25 largest rental markets managed to post greater increases compared to rents, the data provider revealed. Read more:

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