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!