Buying & Selling Homes with The Collura Team

Rents Skyrocket at Highest Rate in almost a Decade The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007 . This coincides with a report released earlier this month in which  AxioMetrics announced that rents are continuing to increase in 2016. The report revealed:  There was a 3.7% increase in effective rents in the second quarter of 2016 as compared to the same period last year. That the effective rent growth this quarter compared to last quarter was 2.3%. Annual effective rent growth was positive in 49 of the top 50 markets, based on number of units. Only Houston was negative, at -1.4%, as the fallout from energy-industry job losses and excess construction continues. Here is a graph to illustrate the rate of increase over the last several years: Bottom Line  

Study: Gated community homes sell for more   BOCA RATON, Fla. – July 1, 2016 – Homes in gated communities command significantly higher prices – almost $30,000 on average – compared to similar homes in communities without a gate. However, gated neighborhoods' additional amenities can also reduce sale prices because they bring maintenance costs that outweigh the benefits of the amenities, according to recent research published by the American Real Estate Society (ARES). "This study provides clear evidence that homes in gated communities sell at a premium relative to comparable homes in non-gated communities," says ARES Publication Director Ken Johnson, Ph.D., a real estate economist at Florida Atlantic University's (FAU) College of Business and co-developer of the Beracha, Hardin and Johnson Buy vs. Rent Index. The study examined 11 gated communities and a sample of matched non-gated properties, using a data set of housing sales in Shelby Coun