Race for Space Pushing Up Suburban Rents

The Wall Street Journal (reposted in Realtor.com) says big companies that own single-family homes are raising rent at the fastest rate since they emerged from the foreclosure crisis, capitalizing on high demand for suburban housing. Interestingly, the WSJ says that while mom & pop landlords and individual investors own most of the country’s 16 million rental houses are also raising rents, they’re not raising them as aggressively as the mega landlords – which reportedly increased 7.5% on average in October. Continue reading HERE...