According to the upcoming July REALTORS® Confidence Index report (RCI), higher residential rents compared to a year ago were reported by 57 percent of REALTORS®, up from 54 percent in June. Lower rents were reported by 10 percent of REALTORS® who responded, and constant rents were reported by 17 percent. The continued trend of rising rents increases the value of homeownership.
The full July RCI report will be available on August 23, here.
