Greenville named Bloomberg Businessweek's #1 in rental rate increase:

  More and more people are moving to the beautiful Upstate!
The average monthly rent payment is $669. That would equate to a purchasing power of $130,000 for a home at today's current interest rates. An interest rate increase of only 0.25% will decrease the purchasing power to around $122,000.
**If you have any aspirations of buying a home in the near future, but think you have to rent for a while for whatever reason (credit, source of money down, want to wait for prices to "hit bottom"), please give me a call. It's my job to help you buy, and I've got lots of resources to help in the process.
843-437-6917

Twenty-Five American Cities with the Biggest Rent Hikes

Courtesy of the City of Greenville, S.C.

No. 1 Biggest Rent Hike: Greenville, S.C.

Annual increase: 11.2%
Average monthly rent: $669
Vacancy rate: 7.7% (9.5% in 2009)
Average concession: -4%

The largest rent increase in the Greenville metro, home to Michelin, GE, Fluor, and Lockheed Martin, was 11.6 percent in parts of south Greenville County, according to AXIOMetrics. Unemployment in the Greenville-Mauldin-Easley area fell to 9.8 percent last year, based on BLS preliminary estimates, from 10.5 percent in 2009. The area saw an uptick in manufacturing activity as GE ramped up production at its gas turbine manufacturing plant. Southwest Airlines launched new flights to the area last year. Also, electric bus maker Proterra announced a new research and development facility that is expected to create 1,300 new jobs in Greenville County over the next seven years.