More Buyers Expected as Rents Rise

Real Estate analysts are starting to see rental rates in desirable areas starting to rise as 2011 has had a strong start. It is predicted that rental rates will continue to go up through 2013 and as they do tenants will become more motivated to purchase property in greater numbers. However, in cities where foreclosures and unemployment is high, rentals rates will remain stagnant. Obviously this isn't going to happen over night and I think it is safe to say that real estate will be undergoing "gradual" change, as opposed to "swings" for quite some time given our recent history.