US rents continue to climb in January

January 4, 2017   |  Construction Dive

Although rents in the highest-priced markets, like New York and San Francisco, continue to decline, they are still climbing nationally amid a shift from homeownership as rising home prices driven by a supply shortage are freezing many potential buyers out of the market.

As more people look to rent rather than purchase a home, a supply gap in the rental market has been exposed, putting pressure on availability and edging rental prices higher.

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