Morning Minute: Rising rents expected to keep climbing

It’s getting more expensive to be a renter. Apartment rental costs jumped last year and have continued upward in 2015 too. In fact, according to the apartment research firm Axiometrics, annual rental growth in September rose to 5.2 percent, a four-year high. Read more in “Renters May Need to Brace Themselves,” from NAR’s Daily Real Estate News. As rents rise, it can be more affordable in many communities to consider buying a home instead.

In other headlines:

Home sales rise for eighth straight month – Crain’s Chicago Business

Existing U.S. Home Sales Rise to Second-Highest Since 2007 – Bloomberg

CoreLogic: Cash sales share drops to 9-year low – HousingWire

NAR President Testifies before House Subcommittee in Support of FHA Reforms – National Association of REALTORS® (NAR)

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