US rent increases set to accelerate next year

US rents will increase 7.5% next year, the biggest jump since December, as the economy grows faster than anticipated.The Bureau of Labor Statistics said Wednesday that rents for the median rent-controlled apartment increased 6.4% to $1,054, while for owner-occupied units, rents increased 2.4%.The average monthly rent for the second quarter of 2017 was $1.15, up […]