Comments Off on Rental Growth Surpasses Home Value Growth
According to the latest data from Zillow, residential rental values overtook home value growth to the year ending in April. Their figures show home value growth was at an annual rate of 3% while residential rental growth exceeded this figure at 4%.
This data also shows that rents grew at their fastest pace in two years last month and exceeded home value growth in 20 out of 35 of the largest housing markets in the United States. Home values reached an average of $178,400, while rents reached an average of $1364. In addition, home value growth is expected to slow down even further during the second half of this year as the real estate market continues to stabilize.
These figures are quite different from those seen recently as home values have increased quite rapidly with [...]