Renters in the Las Vegas payed $4.2 Billion in rent in 2017
Renters in America spent a record amount of money on housing in 2017.
But tight supply and strong demand from buyers are likely to keep the cost of housing on the rise in 2018. Despite recent changes to federal tax laws that have historically made home ownership financially attractive, the long-term dynamics pushing up home values and rents are unlikely to change significantly in 2018.
With rents increasing in 2017 by 7.8% now is the time to start your home search.