Wall Street Journal real estate correspondent Laura Kusisto posts up rent trends data on fourth quarter and full-year 2015, from the sector's Big Two of residential rent research, Reis and Axiometrics.
Both Q4 and 2015 FY clocked in as illustrative of rent power among landlord, thanks to new household formations, jobs and income progress, and demographic expansion of the rental universe. Kusisto writes:
Rents have marched steadily higher for six consecutive years, in part because of tough lending standards for home buyers and in part because of a shortage of apartments for middle-income renters. The homeownership rate in the third quarter stood at 63.7%, near a 30-year low.