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Updated almost 9 years ago, 01/30/2016

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Jerry Padilla
Lender
#5 Classifieds Contributor
  • Lender
  • Rochester, NY
1,419
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3,451
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Article Indicating the Locations with the Greatest Rent Increases

Jerry Padilla
Lender
#5 Classifieds Contributor
  • Lender
  • Rochester, NY
Posted

I was surprised to see such a large increase in rents in low cost area's like Kansas City, Charlotte, and Atlanta. Do you think this is an indication that these locations are a great place to invest or will these great increases in rent, in turn cause higher demand for renters to purchase? Do you think this an indication that property value's will go up? It looks like Sacremento CA may be one of the most affordable places to rent or live in CA.

Quoted from the article; 

"Oakland, Calif. (up 23% year over year to $2,030), Sacramento, Calif. (up 21% to $970) and Jacksonville, Fla. (up 16% to $870), Kansas City, Mo. (up 15% to $770), Fresno, Calif. (up nearly 17% to $770), Austin, Texas (up 12% to $1,120) Denver (up 11% to $1,280), Atlanta (up nearly 11% to $1,250) and Charlotte, N.C. (also up 11% to $980 per month)." 

Read: Most renters are not ready (or willing) to buy 

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