Top 10 Highest Rental Markets in 2nd Quarter, 2008
July 5th, 2008 • Related • Filed Under
The rise in rents across the country in major cities is going against the conventional wisdom of the market. You would think with a housing slump that a rents would be going down as inventory increases, but markets such as New York saw rents increase by 7.7% and San Francisco by 9.4%.
Sure you can rent a home pretty cheaply in outer suburbs, but that is why the housing market is crashing. Speculators caused over-development in the outer regions of the major metro markets. But if you want to live in the top cities in the country, expect to pay and then pay some more as rents keep soaring.
Top 10 Highest Rental Markets in 2nd Quarter, 2008
- New York, NY $2,847 a month
- San Francisco, CA $1,825
- Fairfield County, CT $1,757
- Boston, MA $1,646
- Long Island, NY $1,521
- Orange County, CA $1,520
- San Jose, CA $1,504,
- Northern NJ $1,460,
- Ventura County, CA $1,409
- Los Angeles, CA $1,408
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
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my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
Pingback by Hitting the Links | Redfin Boston Sweet Digs on 9 July 2008:
[...] Some apartment dwellers in New York complain about their neighbors children. I don’t blame them.[The New York Times] [...]
Comment by jp moses | REI Tips on 17 July 2008:
I don’t find it surprising at all that rents would be going up — or at least holding strong — right now.
Rental inventories may be rising in numbers, but so are renters! With so many homeowners losing out to foreclosure, what’s left for them but to find a place to rent? We’ve got more folks needing a place to rent than ever. Supply and demand.
…jp