Double-digit rent hikes are on the way – MarketWatch

The number of foreclosures across America are causing more and more people to have to rent until they can repair their credit and buy again. This is causing a shortage of rental units and properties which is causing annalists to believe that landlords will be increasing rental prices because the demand will be high and the supply low.

If you are in a position to buy, this may be reason enough.  Looking around the Salt Lake Valley I see homes that can be purchased for $1,100 a month being rented for $1,500-plus.

Double-digit rent hikes are on the way – MarketWatch.

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