My primary areas of Managing Investment Properties have been Natomas, Land Park, Greenhaven, Pocket, Sacramento and Elk Grove.
Well we all know the economy is not as stable as we would like it to be.
Over the past month it seems more and more tenants are really looking for property for under $1100 a month.
The average rentals priced between $1300-1900 per month are finding less interest. Families are moving to save money leaving the larger more expensive homes vacant.
Now that does not mean no one is renting homes over $1500mo it just seems that the motivation is to find very affordable housing regardless of your household income.
This will most likely be the trend through spring. Allot will depend on the foreclosure market and investor pace at picking up income properties. I think we will see a sluggish rental market this winter but the spring will hold huge growth.
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