Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S
The Ticker

Apartment demand heats up

Rising home prices make multifamily living more attractive

house above
/ Print / Reprints /
| Share More
/ Text Size+

According to the Wall Street Journal, rising home-buying costs are pushing people into apartments, causing landlords to pass along hefty rent increases this summer.

The average monthly rent in the third quarter was $1,073, up 1% from the prior quarter, the largest quarterly gain in a year, according to a report to be released Tuesday by Reis Inc., a real-estate research firm. Compared with the third quarter a year ago, average monthly rent was up 3%. None of the 79 markets tracked by Reis saw rents fall.

Source: WSJ
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus