Wow my eyes cannot believe what they are seeing but numbers don’t lie. The median price for rent throughout the nation is $735 per month! This is great news for landlords and investors. The bad news is for the tenants that are paying a premium for rent right now, well I guess I would have to say to the tenants is get use to it because they are not coming back down any time soon.
Home ownership has come to a all time low. According to the latest rate by census bureau the rate is at 65.0% which it has fallen 0.4% than a year ago. Ouch! I can see older children will be living with there parents a little more to either save up for a house or look for a cheaper solution for rent out there.
The really great news for landlords is that they will be able to take advantage of low housing plus high rents, for a landlord this is a win win situation!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.