Renters Are Feeling Pressure Again After Rent Rises Nearly 5% In 2015

Greyhound Cuts 260 Small Towns And Communities

Over the last several years, the number of people in the United States who choose to rent has been soaring to new heights. When the housing market crashed just about a decade ago, many home owners found themselves forced to leave their homes, and although the economy has improved considerably in recent years, many people have not returned to home ownership. However, with an influx of people looking to rent, property managers and landlords have had the advantage of being able to charge very competitive rent prices, which over the years, have risen beyond belief. Although many people initially opted to rent as a way to save money, it looks like those days are long gone – and are only fading further into the past.

A recent report printed in The Wall Street Journal shows that rent prices raised 4.6% percent over the course of 2015. Those numbers mean that the real estate market for renters is one of the competitive and expensive the country has seen in years. With the average cost of rent at a whopping $1,080, there are millions of renters feeling the pressure. The study showed that the rise in rent is a result of the following factors: “a low rate of homeownership (63.7 percent), a dearth of apartments with mid-range prices, and more difficult, post-recession lending standards for homebuyers.” The increase in rent isn’t just causing a problem for those living in traditionally upper-class areas. In fact, there is a trickle down effect that is even causing extreme increases in areas that were once not very popular. However, with the new year just getting off to a start, many are hoping that 2016 will bring better news for renters.

(Photo by Spencer Platt/Getty Images for Fortune Magazine)

Attic Design Backyard Design Basement Design Bathroom Design Bedroom Design Closet Design Dining Room Design Fireplace Design Ideas Kitchen Design Landscaping Ideas Lighting Living Room Design Office Design Shower Design Ideas Swimming Pool Ideas
beautiful small wooden coffee table
10 Small Coffee Table Ideas For Your Living Space
The Useful Of Small Desk With Hutch Ideas Small Desk Hutch
10 Small Office Desk Ideas For People With Limited Space
Keeping the Outside Out: 4 Tips to Make Your Home More Effective
Sticky Air: What to Do When Your House Gets Too Humid This Summer
How to Clean and Maintain a Push Lawn Mower
More Than Just a Ramp: How to Remodel Your Home to Be Handicap Accessible
Happy Home: 4 Renovation Trends That Won’t Go Out Of Style
Balmy Spring Weather Settles Over Miami
5 Myths About Miami FL
Craigslist Founder Discovers Online Goldmine
5 Things You Should Never Buy From Craigslist RI
Craigslist Sued For Discriminatory Housing Ads
5 Things To Be Careful Of When Shopping On Craigslist Tennessee
college park ga sign
5 Reasons Not To Move To College Park GA
Outdoor Elegance: Gorgeous Gazebos and Pergolas!
front view of class house in mexico city
This Mexican Home Made Of Clay Is Full Of Light
built in storage in in living room
Small Polish Apartment Packs A Lot Into A Tiny Space
exterior view of the silent room
The Silent Room In Beirut Is All About Peace And Tranquility