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Rents are on the rise around the country, and new data reveals that the rental market in Charlotte is among the fastest growing in the country.
Rents are on the rise in Dallas. According to The Dallas Morning News, effective rents in the Dallas-Fort Worth area have experienced a 5 percent increase year-over-year.
In the last few years, Austin has experienced a veritable explosion, as transplants from other parts of the country relocated to Texas to take advantage of the strong economy and job market.
In Boston, rent prices continue to climb. Zilpy reports that during the month of January 2015, rents in the Boston metro area climbed by an average of 5.18% compared to the previous month
For several years, the rental market in San Francisco has been what could best be described as overheated, with rents escalating each year.
Price hikes in rent have become a common occurrence in the New York City rental market, where during the previous year, Brooklyn, Manhattan, and Queens all witnessed spikes in rental prices.
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According to CNBC, rents are on the rise in the Windy City. The purchase of a 60-story luxury apartment tower located in downtown Chicago recently set a record sales price.
Now that homeownership rates have dropped to the lowest level in two decades, single-family rental investors have found that there are many opportunities within the housing market.
In Houston, Texas, the rental market is growing by leaps and bounds. According to the Houston Association of REALTORS, 2014 showed record levels for the local Houston housing market, with home sales prices and volume reaching record heights.