Trulia Trends: Asking Prices Up, Rents Way Up
✉️ Want to forward this article? Click here.

Courtesy of Trulia Trends
Trulia Trends, the analytical wing of the real estate website that goes by the same name just released its Price and Rent Monitors, indexes of home prices and rents across the country that aim to be a better barometer of changes in prices and rents than widely followed indices like Case-Shiller. A full explanation of Trulia’s methodology can be found here, but in short, they compared current asking prices and asking rents on a yearly and quarterly basis, adjusting for seasonal swings.
Nationally, the Monitors found that asking prices of for-sale homes increased by 1.4 percent since last quarter, while rents are now 5 percent higher than they were at this time last year. In the DC area, rents have increased 5.2 percent year-over-year; asking home prices rose by 3.2 percent over last quarter.
“Asking prices rose in February and March, but this doesn’t mean that the bottom is forever behind us,” Trulia Chief Economist Jed Kolko said of the national numbers. “The robo-signing settlement will accelerate the foreclosure process, pushing more homes onto the market and dragging down prices in areas that suffered most from the housing crash. Meanwhile, some relief is in sight for strapped renters as the wave of new multi-family buildings that broke ground in 2011 will be completed later this year.”
For more stats and analysis, click here.
See other articles related to: housing prices, rent increase, renting, trulia, trulia trends
This article originally published at https://dc.urbanturf.com/articles/blog/trulia_trends_asking_prices_up_rents_way_up/5376.
Most Popular... This Week • Last 30 Days • Ever

Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »

The projects on the Maryland and DC sides of the Friendship Heights neighborhood incl... read »

The application has been filed with DC for the building that was home to a Burger Kin... read »

The mortgage blacklist; the plan to build homes on federal land; and whose big yacht ... read »

With the official beginning of spring, UrbanTurf is taking a look at what we think wi... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro