Rents Are Rising Steadily

Rents Are Rising Steadily

Each month, many people are faced with the decision of renewing their rental lease for another year or purchasing their first home. One of the questions that must be answered before they make a decision is – “Where are rents headed?”The Wall Street Journal recently wrote an article on this issue. Their conclusion:“Apartment rental increases slowed in the first quarter from a year earlier, but the move is more likely a temporary blip than the beginning of a long-term respite for renters.”The article goes on to quote Ryan Severino, a senior economist at Reis:“I wish I had a better story to tell renters these days, but I think they’re in for some rent increases for the foreseeable future.”Probably the most interesting part of the article came in the Comment Section where a proud landlord proclaimed:“As a landlord I can tell you I don't pay property tax. I don't pay for repairs. The tenant pays. I get my money off the top.”Here is a chart showing rent increases over the last 25+ years


Image title


Ann Marie Cancro Headshot
Author:
Phone: 717-468-1301
Dated: June 15th 2015
Views: 380
About Ann Marie: LICENSED: Licensed Real Estate Professional since October 1990. AFFFILIATIONS: Lancaster Assoc. o...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

3 Things You Can Do This Summer To Increase Your Property Value - Owning a home comes with a
7 Steps To Make Your Rental Property Ready For Summer - 7 Steps To Make Your Rental
Summer Prep Tips For Your Rental - Everyone knows that the summer
Prepare For Severe Summer Weather - We’ve waited a long while for

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Highland Realty Group LLC
357 Locust Street
Columbia, PA
717-862-4620
717-327-4709

Other Locations