According to the latest report by Zillow, annual growth in national home values set another record high of 18.4% in September and rent growth remains very fast. Zillow, an American online real estate marketplace company, reported that in Nashville, the average home is around $365,573 – up 20.9% from last year and up 2.4% from August. Monthly rent prices are also skyrocketing this year. In Nashville, monthly rent prices are up 15.4% from last year at an average of $1,773.Read More
About 18% of renters, or roughly 10 million people, in the U.S. are behind on their monthly payments as of early January, according to an Urban Institute analysis.
Researchers Jim Parrott, a fellow at the Urban Institute, and Mark Zandi, the chief economist of Moody’s Analytics, calculated that 18% of U.S. renters were behind on payments and warned that if lawmakers didn’t act fast, there could be a major eviction crisis. The average delinquent renter is four months behind on payments and owes $5,600, the researchers estimated using Bureau of Labor Statistics figures.Read More