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Washington DC and Baltimore Lead Nation in YoY Rent Growth (Chicago Leads in Declining Rent Growth)

This is a syndicated repost courtesy of Snakehole Lounge- Online Course Notes for Financial Markets. To view original, click here. Reposted with permission.

The national’s capital, Washington DC and its sister city in Maryland, Baltimore has the distinction of leading the nation in year-over-year rent growth, according to Zumper.

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San Francisco, where Tony Bennet left his heart, is the most expensive rental market in the nation for both 1 and 2 bedroom dwellings. New York City is second and Silicon Valley capital San Jose is third. And the home of US Congress and “affordable housing mission” entities Fannie Mae, Freddie Mac and HUD (US Department of Housing and Urban Development) is fifth in terms of most expensive 1 and 2 unit dwellings.

Among the “cheapest” dwelling cites are Fort Wayne Indiana, Akron Ohio, Detroit, and Wichita Kansas.

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Los Angeles, home of Jeffrey Lebowski and his one bedroom bungalow, is in sixth place.

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Rents are unaffordable despite ten years of Fed’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) programs. But interest rates are rising now that there is a new President.

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A typical Washington DC renter.

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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