HOUSING

South Florida home rents flatten

 

mbrannigan@MiamiHerald.com

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

  • CORPORATE EARNINGS

    AutoNation profit up 15 percent

    AutoNation, the country’s largest car dealership chain, shrugged off winter storms that cut auto sales early this year and posted a nearly 15 percent increase in first-quarter net income.

  •  
A Chinese man takes a photo of the Lincoln MKZ Sedan on display during a press event in Beijing, China, Thursday, April 17, 2014. Ford Motor Co. says it will introduce its high-end Lincoln brand to China later this year with plans to open eight dealerships in seven cities. Lincoln is a late comer to China's luxury car market but Robert Parker, president of Lincoln China, said Thursday the brand is being introduced here after much deliberation and research.

    Ford to sell Lincoln cars in China for first time

    Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities.

  •  
In this photo provided by the New York Stock Exchange Euronext, Carnival Corporation President and Chief Executive Officer, Arnold W. Donald, center, and guests, gather on the podium for the closing bell at the Exchange on Wednesday, April 16, 2014, in New York. Carnival Corporation is headquartered in Doral, Fla; a suburb of Miami.

    Tech stocks slump after Google, IBM disappoint

    Stocks edged lower on Thursday as investors digested a crop of disappointing earnings by Google, IBM and UnitedHealth. It's the first time this week that the major stock indexes headed lower immediately after the start of trading.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category