Zillow.com starts tracking rents

Zillow.com has released a new product called Rent Zestimates, which
determines the estimated monthly rent for more than 90 million homes and
apartments across the United States. “Buyers and renters are not
exclusive categories — many people are considering both options when
shopping for a new home,” Zillow CEO Spencer Rascoff said in a
statement. “We created Rent Zestimates to empower people with
information and data to make the right real estate decision for them.”
According to Zillow.com, a recent survey shows two-thirds of current
renters didn’t research fair rent prices before signing their leases. [Sun
Sentinel]