Real estate prices jump in US

Source: Reuters
US apartment market has become the best performing sector of commercial freehold since 2011. Vacancy rate decreased by 0.2% during the last quarter and reached ten-year low of 4.7% . Rent prices jumped by 1.3% compared to prior quarter. Average effective rent (excluding concessions) now is USD 1,041 per month. New York is considered to be the most expensive place to live, monthly tab of USD 2,935 while  the cheapest area is Wichita, Kansas state with monthly rate of USD 510, which is below US average.

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