With Tight Inventory, Rents are on the Rise

June 2, 2017 Aly J. Yale

New data shows rents are steadily increasing, and with increasingly tight housing inventory, those rents will likely get even higher as potential buyers are driven toward renting. Experts expect rents to increase 1.5 percent by the end of the summer. They’ve already grown more in five months of 2017 than all of 2016 combined.

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