What's Hot: $2 Million and Up: Luxury Home Sales in DC Rise 24% in 2020 | A Virtual Tour of More Than 30 DC-Area Developments
Trulia Trends: Asking Prices Up, Rents Way Up

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: trulia trends, trulia, rent increase, housing prices
This article originally published at http://dc.urbanturf.com/articles/blog/trulia_trends_asking_prices_up_rents_way_up/5376
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

The massive new development would sit on a triangular parking lot at First Street and... read »

The project has added 10 units since its last milestone approval in 2019.... read »

Airbnb announced Wednesday that it will cancel all reservations in the DC region duri... read »

The draft environmental impact statement for the transportation project expected to g... read »
- A Virtual Tour of More Than 30 DC-Area Developments
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- From 60 to 72 Condos: Georgetown West Heating Plant Development Grows in Size
- Airbnb Cancelling and Blocking All Reservations in the DC Area During Inauguration
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
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. Visit guides.urbanturf.com or 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