Rents surge again, vacancies drop

Rising rents have made buying a home more attractive. An article on Wednesday underscores the dynamic as Reuters reported that renting became more expensive and vacancies hit a 10-year low.

The vacancy rate was 4.7 percent, and asking rents increased to $1,091 a month, according to the report.

The rent increases were not just limited to big, urban areas, either. The report notes that mid-sized cities were seeing the increases as well.

This entry was posted in Uncategorized by Jon Broadbooks. Bookmark the permalink.

About Jon Broadbooks

Jon Broadbooks is Director of Communications for Illinois REALTORS®. He serves as editor of online and print content for the association's communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees the operation of website development for the Association.

Leave a Reply

Your email address will not be published. Required fields are marked *