Rents to finally flatten in 2016; increase in Phoenix 1.4%

for-rent-300x225By Brena Swanson | HousingWire

Rent appreciation is finally projected to cool down in 2016, giving renters a much-needed break from what seemed to be never-ending price increases.

But, the good news stops there.

The new rent appreciation report from online real estate listing service, Zillow, does caution that although prices will level off over the next 12 months, rents will remain unaffordable in many of the major markets across the U.S., especially on the West Coast.

Continued:

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