Trulia Trends: Asking Prices Up, Rents Way Up
✉️ Want to forward this article? Click here.
![Trulia Trends: Asking Prices Up, Rents Way Up: Figure 1](https://assets.urbanturf.com/dc/images/blog/2012/04/trulia550.jpg)
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 http://dc.urbanturf.production.logicbrush.com/articles/blog/trulia_trends_asking_prices_up_rents_way_up/5376.
Most Popular... This Week • Last 30 Days • Ever
![A Solar Panel Primer for DC Residents](https://assets.urbanturf.com/dc/images/blog/2019/04/resized/tesla-solar_image_560x420.jpeg)
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
![National Geographic To Open Museum, 400-Seat Theater In Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/GrosvenorAuditorium_2000_image_560x420.jpg)
The National Geographic Society has big plans for its downtown DC campus.... read »
![Huckberry Plans To Open Georgetown Store](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/huckberry_image_560x420.jpg)
Add another new retailer to the growing list of openings in the neighborhood.... read »
![15-Unit Development Pitched For Mount Pleasant Laundromat Moves Forward](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/3215-mount_image_560x420.jpg)
Four years after being pitched, a new development along Mt. Pleasant's main drag is l... read »
![The 5 Developments In Various Stages Along the H Street Corridor](https://assets.urbanturf.com/dc/images/blog/2024/10/resized/1000-M-street_image_560x420.jpg)
Today, we take an updated look at the pipeline of larger residential development on t... 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