Posted To: MND NewsWire

An analysis published on Black Knight’s blog indicates that rents and home prices don’t always rise or fall in tandem. The company says comparing trends between the two can sometimes be an apple and oranges situation; they are similar in some respect but vastly different in others. In Orange County, California for example, median sale prices for single-family home prices and monthly rent for them in Orange County California, look, at first glance, to be on the same trajectory, which is a fair long-term conclusion. However, a closer examination of the graph below shows larger divergences between them in short-term bursts. During the housing bubble home prices moved higher almost without interruption while rents for single-family houses trended higher at a slower rate and with some volatility…(read more)

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Source: Mortgage News Daily