Rent-flation: Housing powers increase in cost of living – Robert Khodadadian

Rising residential rents contributed to high inflation in August as real estate investors have increasingly looked toward multifamily buildings to generate revenue. The annualized cost of renting a typical home jumped 6.7 percent in August, up from 6.1 percent in July, according to figures released Tuesday by the Labor Department. The surging cost of shelter accounted for about 40 percent of last month’s cost of living increase, excluding energy, which fell in price, and food,

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Multifamily Market, Rental Market The Real Deal New York Read More

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