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Harold Willig: Apartment Rents on 6-Year Increase

The Wall Street Journal reported that apartment rents increased at the fastest rate since the great real estate implosion in 2008.

"Rents have marched steadily higher for six consecutive years," the report said, "In part because of tough lending standards for home buyers and in part because of a shortage of apartments for middle-income renters. The homeownership rate in the third quarter stood at 63.7%, near a 30-year low."

A report from Axiometrics Inc., a Dallas-based apartment research company, showed that "Rents increased 4.7% in the fourth quarter [of 2015] compared with the same quarter a year earlier, the strongest year-end performance since 2005."

While rental prices obviously vary from city to city, the trend of increased rents, and therefore higher income (and higher resale values) may continue to be a boon to real estate investors in the single-family home market.

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