The cost of renting to rose sharply last year: the average rental price rose almost 12% in the year 2010 at the average price of homes for sale dropped about 10%, according to evidence from HotPads.com, a Web site that lists homes for rent, for sale.
The national average of rent by $1,319 December, from January 2010, according to $1,181 HotPads.com. The figures were calculated from a sample of rental prices over the active Web site.
In, walk in the lease was characteristically high unemployment, the economy is bad, drives more people to the "options" low risk ". There is also a growing number of people having ranks of renters because they have lost the Home foreclosure, according to the publication.
Read more on the new real estate of the week, including the mortgage rates and Realty q&a with tips for the owner who is heading toward retirement with underwater mortgage.
It can be a relief for the rent change. People at HotPads.com expects foreclosed property and enter a long-standing-as the market for rent in 2011. To increase the supply of rental prices can help.
-Amy Hoak, writes real estate
I appreciate your help on this. I have read various articles on MarketWatch wrote, was looking for more detailed information. My wife and I own a home in California that is under water. We owe it to 950,000 $ and now have values, if he went to foreclosure, sold at around.
Read more: underwater House — and retirement.
Mortgage rates dropped this week, Freddie reported, with a fixed rate mortgage rates of 30-year average 4.77%.
Read more: mortgage rates fall: Freddie mac.
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