Rent in D.C. region expected to surge 10 percent
A surge in rent in the D.C. region this year means a larger step toward economic recovery, reports U.S. News & World Report.
Rent is expected to rise 3.6 percent this year, but in ‘hot areas’ like the Washington region and New York, the increase could exceed 10 percent.
Don’t fret; having less money for weekend bliss is actually a good sign! The growth, in part, results from college graduates finally able to move out of their parents’ homes, and residents who once had to share apartments are able to find places of their own.
Vacancy rates are once again low, back at the levels they were before the recession, allowing room for higher rates.
READ THE FULL STORY at U.S. News & World Report
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