Trulia released the latest data for its November 2012 Trulia Rent Monitor. Rents were up nationally 5.6 percent year-over-year in November, compared to asking prices on for-sale homes increasing 5.4 percent over the same period.
But out of the Top 25 metros included in Trulia data, only 11 saw rents increase at a higher rate than asking home prices. Does this mean a housing recovery is really beginning to pick up steam? Take a look at the list below to see how the top 25 cities fared in home price growth versus rent growth during the month of November.
|
Metro Area (MSA) |
Nov. 2012 Y-o-Y Rent Change |
Nov. 2012 Y-o-Y Asking Price Change |
|
| Houston |
16.8% |
2.3% |
|
| Oakland |
11.6% |
10.5% |
|
| Miami |
10.8% |
7.6% |
|
| Denver |
9.0% |
12.4% |
|
| Philadelphia |
8.9% |
-0.8% |
|
| Seattle |
8.3% |
8.8% |
|
| Minneapolis |
7.8% |
7.1% |
|
| Chicago |
6.9% |
-3.1% |
|
| New York, NY |
6.6% |
0.3% |
|
| San Francisco |
5.8% |
9.5% |
|
| Boston |
5.7% |
3.2% |
|
| Portland, Ore. |
5.1% |
6.7% |
|
| Los Angeles |
5.1% |
2.8% |
|
| Atlanta |
5.0% |
6.0% |
|
| Baltimore |
4.7% |
1.2% |
|
| Dallas |
4.4% |
0.8% |
|
| Inland Empire, Calif. |
4.1% |
9.1% |
|
| Tampa/ St. Petersburg, Fla. |
3.4% |
7.4% |
|
| Orange County, Calif. |
3.2% |
7.7% |
|
| San Diego |
2.8% |
5.4% |
|
| Washington, D.C. |
2.6% |
6.4% |
|
| Phoenix |
2.3% |
26.9% |
|
| St. Louis |
1.2% |
1.7% |
|
| Sacramento |
1.2% |
5.0% |
|
| Las Vegas |
-0.7% |
13.7% |
|