Boston Real Estate Investors Association

Rentable Says Rent Prices are Rising Slowly

Rentable Says Rent Prices are Rising Slowly

Rentable (formerly known as ABODO) says that the median nationwide rent price for one-bedroom units in February was $ 1,124 with two-bedroom units coming in at $ 1391.  They point out that not one city moved more than 8% in any of their top ten loser & gainer lists, which they say is a strong indication of a lackluster market.  Indeed…

“Unfortunately, uncertainty prevails, as the vaccine rollout has been rocky, and the stock market has been anything but orderly. Interestingly, oil prices have firmed and crossed the $ 50 barrier as the oil market views Biden’s presidency as a precursor to tightened supplies and increased U.S reliance on foreign oil. In addition, new national eviction restrictions are being rolled out.”

Click here to read the full report at Rentable.co.

 

The post Rentable Says Rent Prices are Rising Slowly appeared first on Real Estate Investing Today.

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