Warning: Renting Home or Apt Not in Your Best Interest

| 21 June 2011

Tagged under

According to the Harvard Joint Center for Housing Studies’ latest report on America’s rental housing, "Rental markets are now tightening, with vacancy rates falling and rents climbing". Here are some additional highlights from the article:

Apartment affordability is expected to deteriorate as the economy improves and vacancy rates drop.
"A variety of rental market indicators suggest that the worst repercussions from the recession may be over."
There is an excess supply of rental housing at present.
"Given the long lead times needed to develop new multifamily housing, a sharp increase in demand could quickly reduce vacancy rates and put upward pressure on rents."

In addition to this study, Peggy Alford, president of Rent.com was quoted ina Chicago Tribune Article (U.S. Set to be High-Rent Nation, March 16, 2011) as saying, "The demand for rental housing has already started to increase. Young people are starting to get rid of their roommates and move out of their parents' basements."

Read Full Article Here

Photo Credit: HowNowDesign

Browse New Homes in Myerstown, Pennsylvania

Stephen Crewson

Steve and his family are personal friends of The Kreisers. He has the unique opportunity of blogging for Kreiser Construction (located in Lebanon County, PA) from his home in Southern Ontario.

Website: www.kreiserconstruction.com

Related items

More in this category: « Staying in Touch 5 Reasons to Buy a Home in 2011 »

1 comment

Comment Link
I love the townhomes at the gables. My husband and I are unfortunately just not currently in a position to buy a home. Having the opportunity to rent a home at the gables would just be a dream come true. Maybe one day God willing we would bebe able to someday purchase the home. I would also like to add that if renting is at all possible please call me at 717-383-5244 and ask for me...Ruth thanks
Wednesday, 30 November 2011 20:35 posted by ruth nicolas

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.

Kreiser Construction