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Housingwire.com | by Megan Hopkins | 27/8/2013

Favorable multifamily climate predicted through 2014

Rent gains accelerated to 2.8 percent year-over- year in June, the largest annual increase since January, according to Trulia's latest rent monitor.

 

 

However, what’s interesting is that, despite the gains in rent cost, rents are outpacing home prices in only 3 out of the 25 largest rental markets: Houston, Philadelphia and New York.

So with home asking prices up between 1.2 percent and 1.5 percent per month, according to Trulia, will more potential buyers be forced to rent instead of buy?

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