Haring Realty Blog Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Ashland Ohio | 2 Posts
Bellville Ohio | 3 Posts
Buy a House | 48 Posts
Community | 2 Posts
Finance | 2 Posts
Galion Ohio | 1 Posts
Haring Realty | 1 Posts
Homeownership | 70 Posts
Housing Market | 32 Posts
Lexington Ohio | 2 Posts
Lucas Ohio | 2 Posts
Mansfield Ohio | 61 Posts
Marketing | 12 Posts
Moving Tips | 3 Posts
Ontario, Ohio | 2 Posts
Richland County | 3 Posts
Sell Home | 4 Posts
Shelby Ohio | 2 Posts
Tips for Buyers | 1 Posts
Uncategorized | 1 Posts
real estate | overview | Mansfield OH | homes | realtor | richland county | top realtor | listing | selling | making offer | today's real estate market | selling | sell | sales | homes | north central ohio | Sellers | Market Updates | First Time Homebuyers | For Buyers | Move-Up Buyers | First Time Homebuyers | For Buyers | For Sellers | Forclosures | Distressed Properties | House sales | buyers | sellers | Finance | Mortgage | New Construction | Remodeling | Kitchens | Bathrooms | Resale | Buying a house | Selling Your House | Area Information | Community Events | Local Attractions | Historic properties | Things to do | Lucas OH | Haring Realty | Home maintenance | Home improvement | Homeowner | Money-Saving DIY | Add Value to Your Home | Outdoor Adventures | Home Loan | Holidays | Home Safety | Home-buying tips | Millennial Buyers | Closing Costs | Shelby OH | Seller's Market | Local businesses | Restaurants | Bellville OH | Ohio State Reformatory | Local breweries | energy savings | Down payment | Real Estate Agent | REALTOR® | Ashland OH | Ontario OH | Family fun | Festivals | Inherit a Home | Education | Local colleges | Giving Tuesday | Local charities | Open house | For Owners | Home tech | Parks | Home Decor | Decorating | Outside Projects | Entertaining | Home Inspection | Clear Fork Valley School District | Crestline OH | Crestview OH | Delaware OH | Fredericktown OH | Galion OH | Hillsdale OH | Lexington OH | Loudonville/Perrysville School District | Madison OH | Mapleton OH | Marengo OH | Mount Gilead OH | Plymouth OH | Sunbury OH | Landscaping | Moving
July
20

Rent Set to Exceed $535 Billion Paid Last Year | MyKCM

The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That's the strongest yearly price gain since 2007.

This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016. The report revealed:

  • There was a 3.7% increase in effective rents in the second quarter of 2016 as compared to the same period last year.
  • That the effective rent growth this quarter compared to last quarter was 2.3%.
  • Annual effective rent growth was positive in 49 of the top 50 markets, based on number of units. Only Houston was negative, at -1.4%, as the fallout from energy-industry job losses and excess construction continues.

Here is a graph to illustrate the rate of increase over the last several years:

Rent Set to Exceed $535 Billion Paid Last Year | MyKCM

Bottom Line

With rents continuing to rise and mortgage interest rates still at historic lows, let's meet up today to determine if you could turn your monthly rental cost into a home of your own.

Login to My Homefinder

Login to My Homefinder