Unfortunately, for most renters, household income tends to be significantly lower than that of homeowners and their wage growth has not
kept pace with rent growth.
Incomes have not
kept pace with rent and the cost of living.
Charleston ranks low for affordability, due to wages that fail to
keep pace with rent and home prices, but has the highest livability score of the 75 metros studied.
Adds Yun, «With roughly 26 million more people in the U.S. 2 compared to the peak year of home sales in 2005 (7.08 million), the pace of existing sales would likely be more robust if not for the economy's subpar growth since the downturn and wage gains that have failed to
keep pace with rents and home prices.»
Both Chicago and Atlanta show a slight uptick in the index that suggests that housing prices are not
keeping pace with rent growth.
Not exact matches
As a result, the growth in
rents in Ontario has not even
kept pace with increases allowed by
rent control laws.
Meanwhile, though, tenants» wages simply aren't
keeping pace with these annually rising
rents.
In fact — we never told anyone this — there was a day once on vacation when we nearly
rented a Jet Ski, sans experience, sans even any real desire to Jet Ski, just on the conviction as we gazed across the harbor from our cabana that if we were to choose this day to make our Jet Ski debut, they would choose this day to do that thing they sometimes do, arcing up out of the surf at our side and
keeping pace with us, singling us out as among the very crème of enlightened humanity.
What's more this is a real yield, in the sense that future
rents and ownership costs will
keep pace with inflation as will the difference between them.
There is a huge demand for housing in the city and
with the supply of low cost
rented homes not
keeping pace with demand, we're having to look at innovative solutions to build much - needed new homes.»
Instead, look for actual evidence that the
pace of new construction is
keeping up
with growth in demand: evidence such as increasing employment, household formation, and retail trade volumes, rising occupancy rates, positive
rent growth, and growth in same - property NOI.
«Even in a strong sector like travel and tourism, wages have not
kept pace with the rising costs of
renting or homeownership.»