Rental Prices Continue To Soar In Most U.S. Cities

http://www.huffingtonpost.com/2012/07/05/rental-prices-us-cities-housing-marking_n_1652242.html#slide=1190389

While recent data shows that the housing market is making a gradual recovery, booming rental prices are stealing the spotlight.

Rents are up 5.4 percent from a year ago across the country, according to the latest data from Trulia, a residential real estate website. Of the 25 largest rental markets, Las Vegas was the only area to not see an increase year-over-year.

Buying a home is now cheaper than renting one in most U.S. cities. But as lenders tighten their borrowing requirements, it's tough for many wannabe homebuyers to get a mortgage.

The uptick in demand for rental homes is making rental prices skyrocket.