US home rental prices up 43 per cent in June momentum ticks

This March 16, 2015 photo shows a “now leasing” sign outside an apartment complex near Millville, N.J. Real estate data firm Zillow releases its latest data on rental prices around the country on Thursday, July 29, 2015. (Photo/Mel Evans) WASHINGTON – U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around New York, Los Angeles and Washington.Real estate data firm Zillow says that U.S. rental prices rose a seasonally adjusted 4.3 per cent in June from a year ago, roughly matching the same pace as in May.Rents continue to jump at double-digit rates in Denver, San Francisco and San Jose, California. But the monthly data suggests that several other major markets have either added enough new buildings or prices have pushed residents to their financial limits and cannot rise further.Median prices slipped month over month in the New York metro area by $15 to $2,340, while also dropping slightly in Washington and flat-lining in Los Angeles. US home rental prices up 4.3 per cent in June; momentum ticks down in NYC, LA and DC by Josh Boak, The Associated Press Posted Jul 29, 2015 10:03 pm MDT Last Updated Jul 29, 2015 at 11:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more