Realtors® Continue to Report Rising Rents for Residential Properties

Higher residential rents were reported by 54 percent of Realtors®, as reported in the May  Realtors® Confidence Index. Lower rents were reported by 11 percent of Realtors®.  Constant rents were reported by 16 percent of Realtors®.  In recent months the majority of respondents are reporting annual rent increases, with lower rents becoming much less common.  The continued trend of rising rents increases the value of homeownership.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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