The graph below is the national rent index (blue) as measured by the Consumer Price Index and the home price (red) is the national median price from NAR.
Both data, for easy comparison, are set at 100 for the year 1980. Each local market, of course, will diverge from the national trend.
Apartment rents have steadily risen and are likely to accelerate a bit this year.
Home values, meanwhile, have undergone wild swings and now appear to be a better buy compared to renting.
Will rents increase by 10% every year for the next couple years?…
I cannot give a blanket answer to this question. Real estate is a very local market. So what is happening in the real estate market in CA will be vastly different than any other state. The same can be said when comparing different counties in the sa…
The graph stops at Oct ’09. Isn’t there any current data? Also, where can I find data for rental trends (residential) for Orange County CA?
Thank you.
What is the current market trend for apartment rentals in Orange County Ca? Is there a difference between Spring/Summer and Fall/Winter?