Business
In Some Cities, Even Landlords Think Rents Are Getting Out of Hand
In this Sept. 24, 2007 file photo, a “for rent” sign is posted outside a home in Denver. Real estate data firm Zillow reports on U.S. home rental prices in January 2015 on Friday, Feb. 20, 2015. (AP Photo/David Zalubowski, File)
Patrick Clark, BLOOMBERG
(BloombergBusiness.com) – It’s tough to be a renter. Housing costs, in many markets, are rising faster than wages, and there is good reason to think that trend will continue for years to come.
For renters in Austin, Boston, San Francisco, and Houston, however, there may be a slightly less depressing future, a new report shows. Periodically, commercial real estate firm CBRE polls brokers on the rent-growth expectations that apartment landlords are baking into property transactions. And for prime properties in those four cities, those expectations are coming down, according to its most recent report.
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