Despite an improving economy and rock-bottom rates, inventory of available homes is inconsistent.

This increase in available homes means asking rents will logically have to take a hit.

But a tight inventory of available homes has helped to counteract this in the second quarter.

Like many artists he is struggling to remain living in a city with skyrocketing rents and too few available homes.

The development's website showed only two of 38 available homes are in that price bracket, and both are one-bedroom apartments.

Greater demand, along with a tight supply of available homes for sale, is also boosting prices in most markets and encouraging more construction.

The U.S. currently has just a 3.3-month supply of available homes (a balanced market is typically around six months).