Guess Where Residential Rents Are Heading

Dated: 06/16/2015

Views: 207

by the kcm crew 6/3/15


Each month, many people are faced with the decision of renewing their rental lease for another year or purchasing their first home. One of the questions that must be answered before they make a decision is – “Where are rents headed?”

The Wall Street Journal recently wrote an article on this issue. Their conclusion:

“Apartment rental increases slowed in the first quarter from a year earlier, but the move is more likely a temporary blip than the beginning of a long-term respite for renters.”

The article goes on to quote Ryan Severino, a senior economist at Reis:

“I wish I had a better story to tell renters these days, but I think they’re in for some rent increases for the foreseeable future.”

Probably the most interesting part of the article came in the Comment Section where a proud landlord proclaimed:

“As a landlord I can tell you I don't pay property tax. I don't pay for repairs. The tenant pays. I get my money off the top.”

Here is a chart showing rent increases over the last 25+ years:

Median Asking Rent Since 1988 | Keeping Current Matters

Blog author image

Jason DePaz

Jason has been a real estate broker since 2005 and has continued to sharpen his skills to become one of the most outstanding agents in Portland. Working with Jason you will find that he is an excelle....

Want to Advertise on this Site?

Latest Blog Posts

Portland Active Foreclosures For Sale

Looking for the latest bankowned properties in Portland Oregon?  Click the picture for access to the list.;

Read More

What Are The Top Home Selling Tips

Selling a home for top dollar takes some work but is worth the extra effort.  If you think posting a sign and advertising it on the internet will get it done, you are incorrect.  Top

Read More

What Is Your Home Worth In Portland Oregon

Curious of what your home is currently worth?  I'll create a detailed report for you free and drop off a hard copy to your home.  Click on the link below, enter your info and receive your

Read More

Great Investment 1500000 1816ft2 Close In SE Portland Pocket Community Of Brand New Homes For Sale

$1500000 / 1816ft2 - Close in SE Portland pocket community of brand new homes for sale. The... 10 Bed )

Read More