More renters want to run away from renting as costs continue to increase, but there aren’t enough homes for sale out there for everyone, Zillow Real Estate Research reports.
Rent prices aren’t just outpacing inventory – home value growth increased by 3.3 percent year-over year, compared to rents rising 4.3 percent annually. Zillow forecasts that home value growth will slow even further to 2.4 percent through 2016 in Q2.
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