Clean South Hailey Townhome that’s priced for an immediate sale! 2 bedrooms, 1 1/2 baths, extensive wood floors, ceiling fan, paver patio, private deck, outside storage locker, detached garage, lots of parking, great location and more! Conveniently located near the Community campus, Aquatic Center, several parks, schools, public transportation and trail system.
As demand increases, rents continue to rise, increasing 5 percent over the past 12 months. Meanwhile, the asking prices for homes fell 0.7 percent in that time, according to a new report released Thursday by Trulia Inc.
Buying a home is more affordable than renting now in almost every part of the United States, . . . Jed Kolko, Trulia’s chief economist
The national vacancy rate for apartments during the first quarter fell to its lowest point since late 2001, according to a report by Reis Inc. Cities that have the lowest number of available rental units are seeing some of the largest increases in rents.
“A lot of people who were owners lost their homes in the bust in these places,” Kolko says. As such, many of these former home owners have turned to renting, which has been ramping up demand and driving up rents across the country.
Nationally, the median rent was $1,350 a month in March — up from $1,285 a year ago, according to Trulia.
Rents have risen the most the last year in markets such as Sarasota, Fla. (12.9 percent); Miami (12.1 percent), San Francisco (11.1 percent), Middlesex County, Mass. (10.6 percent), and Edison, N.J. (10.5 percent), according to Trulia.
In the New Year, may your right hand always be stretched out in friendship, never in want.