foreclosure: Land of Many Condos~ Current Rental Trends in Sacramento
- 08/10/08 04:09 AM
It is no mystery that inventory is up all over town, particularly when we look at condos and apartments. We have noticed a push toward renting homes, and have had much success in getting higher rents for 3 and 4 bedroom homes in almost every area. We believe the foreclosure market is the likely culprit, as it has been keeping the inventory of available homes lower than it would normally be, as Bank-owned properties remain off the market. We have been approached by a bank to manage their REO's, a first for us. I suppose the banks are tired of having … (2 comments)
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It is no mystery that inventory is up all over town, particularly when we look at condos and apartments. We have noticed a push toward renting homes, and have had much success in getting higher rents for 3 and 4 bedroom homes in almost every area. We believe the foreclosure market is the likely culprit, as it has been keeping the inventory of available homes lower than it would normally be, as Bank-owned properties remain off the market.
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