Zillow index captures rising apartment rental rates nationwide

03/13/2012 | Wall Street Journal, The

Home values continue to fall while rental rates for apartments rise steadily, according to Zillow's newly released Rent Index. Median rents rose 3% in January year over year. Home values, by contrast, dropped 4.6%. The index found year-over-year rent increases in 69.2% of metro areas studied, while only 7.3% of the markets saw home values rise.

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