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Rental Vacancy Rate Continues to Drop

By
Real Estate Broker/Owner with Rogliano Real Estate Group

What a truly challenging time in the housing world.

The low national vacancy rate makes it difficult for renters in their search for a place to live and is also driving up rental rates.

http://eyeonhousing.org/2015/01/rental-vacancy-rate-at-20-year-low/?Uid=1234980753&MessageType=E

The low sale inventory also makes it challenging for buyers to find a place to live. We as agents are writing offers and are frequently in a multiple offer scenario. The last offer I wrote had 25 other offers!

What's happening in your market?

 

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