Rents Continue to Increase for Residential Properties

Demand for rentals remained strong in March, according to the latest REALTORS® Confidence Index. Among those REALTORS® involved in a rental, 48 percent (46 percent in February) reported higher residential rents compared to 12 months ago. Rising rents may make home ownership more attractive but also may slow the ability of current renters to save for a home purchase.

http://economistsoutlook.blogs.realtor.org/2014/04/30/rents-continue-to-increase-for-residential-properties/

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Realtor with Greg Garrett Realty, actively licensed in the state of Virginia

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