This article on CNNMoney caught my attention yesterday: Renew your lease – rents could rise 10% Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years. “The demand for rental housing has already started…
Tag: rent
Reader Question: Break the Lease, or Find a New Renter?
A reader asked a somewhat offbeat question a couple weeks ago that I think merits some futher discussion. My husband and I are leaving the state for work in the midwest. In April we moved into a underpriced rental house and signed a lease until June 2011 thinking that if we leave the owner would…
Top 30 Cities: Price to Rent & Price to Income Ratios
As something of a follow-up to September’s Big Picture Week, I thought I would post another update to the multi-city price metrics table. This time I figured I would expand the list to the top 30 so DC, Vegas, and Portland wouldn’t feel left out. Data is current as of August 2010. Previous posts covered…
Reader Question: Today’s Best Rental Strategies
A reader asked this question about strategies for today’s rental market: Alright experts, I was going to buy a house this fall/winter but after following this blog for a few weeks have decided to wait it out. Here’s my question: Given the current situation, what is your prediction for the rental market, specifically houses, in…
Big Picture Week: Price to Rent Ratio
It’s been over a year since we last checked in on Seattle’s price to rent ratio. Let’s see how that metric looks over the last twenty years [Update: I changed the chart below to reflect the annual rent. Here’s the original based on monthly rent.]: It is interesting to note that thanks to semi-flatening home…