Streams

Rent Is On The Rise, In Spite Of Stagnant Income

Wednesday, July 02, 2014

A new report shows rents are up in cities and metro areas across the country, as demand for apartments continue to exceed supply.

The average monthly apartment rent for the year’s second quarter was $1,099, up from $1,064 at the same time last year. The quarterly report from Reis, the real estate research firm, revealed that this was the 18th consecutive quarter of rent increases.

This comes as median household income remains stagnant. Joe Weisenthal of Business Insider joins Here & Now’s Robin Young to discuss what’s driving these numbers and what we can look forward to in the future.

Guest

Copyright 2014 WBUR-FM. To see more, visit http://www.wbur.org.

Source: NPR

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Comments [1]

maurice vuignier

Ref .piece on EVER RISING RENTS NATIONWIDE : At the risk of sounding like a Socialist -- What is going on with the idea of building AFFORDABLE HOUSING NATIONWIDE ?? Does that clash against 1% percenters Capital rules all ??
And YES --- REASONABLE AFFORDABLE RENTS .

Jul. 03 2014 11:24 AM

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