Employment Gains Push Rents Up

Driven by employment growth, the cost of a single-family rental rose 2.9 percent year-over-year, according to the April CoreLogic Single-Family Rent Index (SFRI). Rents have risen for the past eight years, but have been decelerating since February 2016, when they peaked at 4.2 percent. The average monthly is now 2.7 percent.
“Rent prices increased significantly across the country in April, with the Southwest region showing the highest growth rates,” says Molly Boesel, principal econo