Rental Market Is The Housing Market's Bright Spot:At Home In Bozeman, Tim Hart Real Estate

When housing prices drop, sellers and buyers look for different options. 1.4 million households have decided to move into rental housing this year—a 4% rise of the number of tenants from last year. Home ownership has dropped 1.5% in that same time.

Most of this rental demand is being generated from young couples and newly built households who are postponing homeownership. But as always, this trend is like a pendulum and as demand for rentals increase, vacancy rates are dropping and rents rising. Look for new multi-dwelling constructions, higher priced monthly dues, and property sales on the rise.

“With rental demand rising and apartment economics improving, the multifamily sector is a positive signal for the U.S. housing industry,” writes Frank Nothaft, Freddie Mac’s Chief Economist, in the October 2011 U.S. Economic and Housing Market Outlook.

 ATHOMEINBOZEMAN
  

 

2 Comments on Bright News In the Housing Market

OCT
24
2011
948,361 Points 8 Featured Posts Outside Blog Called Shot Master

I agree that this is a marker for an improving trend in home ownership...thanks for the post.
12:46pm • #1
Outside Blog

You are welcome - thanks for following!   Tim H.
12:51pm • #2


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Tim Hart

Tim Hart

Bozeman, MT

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At Home In Bozeman

Address: 2101 Durston Suite #4, Bozeman, MT, 59718

Office Phone: (406) 570-5730

Cell Phone: (406) 570-5730

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