Where the Rents Are Soaring
New data from the real estate website Trulia shows that recent rent increases in the largest metro areas across the country may mean that buying may be a better deal than renting (if you’re the sort who wants to be a homeowner/has enough money to buy a home at the moment and qualify for a fixed-rate mortgage, which is currently at record lows). Trulia says that rents have increased by 5.4 percent nationally compared to last year, with rents in San Francisco soaring the highest. The rent increases for the largest 100 metro areas in the U.S. can be found here. The New York metro area increased rents by 5.9 percent, closely matching the national average. My landlord still hasn’t raised my rent after a year, but, shhh, don’t remind him.