Posted March 12, 2012 by RentJungle

An article in the Washington Post last month pointed out the losses that many people saw with their stock portfolios in 2011 and suggested that 2012 might be a good year to move some of that money into real estate investing.

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Posted January 10, 2012 by RentJungle

"U.S. apartment vacancies dropped to a 10-year low in the fourth quarter, allowing for rent increases that are likely to continue this year,Reis Inc. (REIS) said.

The vacancy rate fell to 5.2 percent, the lowest since the end of 2001, the New York-based property research firm said in a report today. It was 5.6 percent in the previous three months and 6.6 percent a year earlier. The average monthly effective rent, or what tenants paid after landlord giveaways, climbed 2.3 percent from a year earlier to $1,009, Reis said."

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Posted May 13, 2011 by RentJungle

Gen Y is willing to sacrifice space to be able to afford to live in an area they like. Apartments that are 500 square feet or less are in demand...

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Posted October 26, 2010 by RentJungle

During the third quarter of 2010, the average rent for an apartment in the United States increased by 5% from the prior quarter to $1,356 according to our analysis. Our detailed reports of rent trends by city are available by clicking here.

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Posted July 06, 2010 by RentJungle

During the second quarter of 2010, the average rent for an apartment in the United States increased by $27 to $1,087, an increase of 2.5%. "We are seeing some encouraging signs in the overall national rental market," says Rentjungle.com CEO Jon Pastor. "In the second quarter, rent nationwide was up by 2.5% when compared to the first quarter of 2010, which is the continuation of an improvement trend that started in January. Rent in Q4, 2009 was down by approximately 3% from the prior quarter, and during Q1 2010, rent was flat. So an increase of 2.5% in Q2, 2010 is significant."

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Posted April 07, 2010 by RentJungle

During the first quarter of 2010, the average rent for an apartment in the United States has remained flat at $1,020 according to Rent Jungle, an apartment search and market research website. We are seeing some encouraging signs in the overall national rental market," says Rentjungle.com CEO Jon Pastor. "In the first quarter, rent nationwide was flat when compared to the fourth quarter of 2009, which is a reversal in a negative trend. Rent in Q4, 2009 was down by approximately 3% from the prior quarter, so a flattening in Q1, 2010 is an improvement."

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Posted March 16, 2010 by RentJungle

The National Association of Home Builders Multifamily Housing Market Index , released on 3/11/2010, continued to show weakening market conditions in Q4 2009.

• Apartment managers (by a 2 to 1 margin) see vacancy rates increasing
• Measures of interest from potential renters (calls and foot traffic) are also predicted by apartment managers to decrease
• The number of managers that feel rents will continue to decrease has held steady from Q3 2009 at slightly more than half of those surveyed

See full data table here.

Posted March 15, 2010 by RentJungle

The last few months of 2009 were great for apartment hunters. Rents were down significantly from prior quarters. Will that repeat itself this year? Average rent data through September indicate that it will not for most cities. However, some deals can still be found depending on the geography.

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Posted February 25, 2010 by RentJungle

Over the last 6 months, the average rent for an apartment had decreased by $40 to an average of $961 per month, a decrease of ~4%. Wichita, Indianapolis, Miami all saw rent increases above 2%. The majority of cities, however, are still flat or decreasing. Oklahoma City, New York, Albuquerque, Portland, Louisville, Los Angeles, Dallas, Phoenix, Denver, and Nashville all posted declines from 7% to 9%.

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Posted September 25, 2009 by RentJungle

July to September saw a significant increase in rent of greater than 2% in Louisville (4.1%) and Anchorage (2.6%). Overall, six major cities saw a rent increase of 1% or greater:

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Posted September 25, 2009 by RentJungle

Overall apartment rents have remained relatively stable nationwide in the July to September 2009 period. Only studio apartments have shown some upwards movement at 4.5% from $747 per month to $781 per month.

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