Posted June 15, 2011 by RentJungle

"For all the attention given to almost $4-a-gallon gas, the biggest threat to containing inflation may be the shift away from homeownership, which is pushing up the cost of leases across the nation's 38 million rented residences.

Housing has become "a contributor to inflation, and it continues to rise,'' agreed Bruce McCain, chief investment strategist at the private-banking unit of KeyCorp in Cleveland, with $22 billion in assets under management. McCain estimates that rents have accounted for about 1 percentage point of the last decade's 2.4-percentage-point rise in prices."

 

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Posted June 07, 2011 by RentJungle

"More large cities are seeing an increase in the number of renters vs homeowners. According to a USA TODAY analysis of the latest Census data, now more than 500 large and midsize cities have seen growth in the quantity of homes that are rented vs owned. With more than 4 million homes lost due to foreclosure over the past 5 years, it isn't surprising to see such a large increase in rental properties. Economists predict that having more tenants will mean shifts in neighborhood stability and how people build wealth and retirement savings."

"Across the US in 2010 34.9% of occupied homes were rented in 2010, compared with 33.8% in 2000. And this trend is predicted to continue."

 

 

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