DOWNERS GROVE REAL ESTATE, Baird and Warner. Neal Paskvan, Top Agent, Real Estate Agent Serving DOWNERS GROVE and the Western suburbs of CHICAGO Need to Move On or Move Up or Move Down?
I will advise you how to keep the Equity you have in your home.
You Need Me on Your Side 630-724-4729
ccelerating, but rents are moderating and could ease substantially in some markets. By the end of this year, rents may actually rise at a slower pace than incomes in many markets, according to a new analysis by Zillow, a real estate listing company.
Zillow is forecasting a 1.1 percent annual rent appreciation rate by December, down from 4.5 percent at the end of 2015, according to Reis, a commercial real estate analytics company. Some markets are still seeing double-digit rent growth.
1. Rents are increasing faster than the last several years:
“Apartment rents increased faster last year than at any time since 2007.”
2. Rent increases are accelerating
“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.