Nationwide Rents at 7 Year High

One of the leadership in the state went to the National Association of Realtors conference in Washington DC and shared with us this snapshot of an interesting graph. It shows one (non-dimensionalized) measure of rents at a seven year high:

If you're in or around Boston you may also want to read this supporting article from WBUR. It talks about a Capital One study which found the following:

The median monthly rent in Boston increased by about 4 percent from 2006 ($1,216) to 2013 ($1,263), while the median household income for renters grew by 15 percent from 2006 ($34,934) to 2013 ($40,065), according to the study.