South Florida home rents flatten



Rents on single-family homes in the greater Miami area rose 2.8 percent in March from a year earlier, far below the 12.1 percent spike in the asking prices for houses over the same period, according to Trulia.

In the Fort Lauderdale area, rents for single-family homes fell 1.2 percent year over year, even as the asking prices for homes increased 10.7 percent, according to the San Francisco-based real-estate firm.

Trulia said the data, which is based on listings on its website, suggests that investors buying homes to rent have added to the supply, meeting the increased demand for rentals in the wake of the housing meltdown.

Nationally, rents rose 2.4 percent in March from a year earlier, while asking prices for homes jumped 7.2 percent, the firm said.

Read more Breaking News - Business stories from the Miami Herald


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