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South Florida’s high rents called ‘troubling’
Source: Sun Sentinel South Florida is the least affordable place in the nation for renters, a situation that a new study calls “troubling.” In 2014, the median gross rent in Palm Beach, Broward and Miami-Dade counties was $1,150, compared with an average of $970 for other metropolitan areas, according to a study by Capital One…
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U.S. Apartment Rents Leap at Fastest Pace Since Crisis
Source: Wall Street Journal Apartment rents increased faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters. Read more…
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Renters Across the Country Are Spending Over 30 Percent of Income on Housing Costs
Source: JCHS In 2014, just under half (49.3 percent) of American renters were housing cost burdened, spending more than 30 percent of income on housing costs. Read more…
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Buying more affordable than renting by astounding amount
Source: Palm Beach Post South Florida rents have increased so much since the housing bust that tenants can now expect to pay 44.5 percent of their monthly income on rent, according to a report released today by the Seattle-based research firm Zillow. Read more…
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South Florida apartment rents increasing faster than most of U.S.
Source: The Real Deal Apartment rents are increasing in South Florida at a quicker pace than most of the country’s biggest metro areas. Read more…
