Renter Demand Reaches new High!!
Vibrancy Evident As Renter and Investor Demand Rise Again. Zelman & Associates surveyed property managers on a just completed national survey, the demand for rental housing is at the highest level in the past 12 months. With Demand rising and Supply Tightening, Occupancy rises to a new High of 94.8%. This month, 9.4% of departing residents bought homes versus 10.7% over the last 12 months. The primary reason is due to the continued weak property sales despite some of the lowest interest rates in history. Rents in the Seattle market are holding relatively steady with a slight tick upwards after the holiday season is now behind us. The forecast is for a continued growth in demand this year.
Dave Poletti & Associates
Property Management Seattle
Real Estate Services
AGC Building
1200 Westlake Ave N #1001
Seattle, WA 98109
206-286-1100
Email - info@davepoletti.com
Website - www.DavePoletti.com
Home of - "Seattle's Best Rentals"
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