Real estate blog entries tagged with unemployment by Claudette Millette - Metrowest Mass Buyer Broker (The Buyers' Counsel)

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Home : Blogs : Claudette Millette - Metrowest Mass Buyer Broker : Massachusetts Real Estate News & Opinion by Claudette Millette : Tag "unemployment"

unemployment: The Rental Vacancy Rate Soars – How will This Affect Home Sales? - 10/12/09 06:48 PM

The vacancy rate for apartments and other rentals has now hit its highest point since 1986. The slow job market has left a dent in the demand for housing, particularly during the recent summer rental months.
This is not good news for home sellers since the air that is leaving the rental market will drive down the cost of rents, making renting a more desirable option for some potential home buyers.
Reis Inc., a New York real-estate research firm that tracks vacancies and rents, reported that the U. S. vacancy rates reached 7.8%, a 23-year high in the top 79 rental markets. During the winter months, … (44 comments)

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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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