I recently received an email from a MLS affiliated company stating that the rental market is up. I would love to know where they got this information from. I have seen a huge shift in the local rental market. UP is not the word I would use to describe it. The shift has been more towards consolidation. 2, 3 even 4 people chipping in to rent one larger house. In turn this has mad the smaller units suffer. I have been surpised to see the rental market not shoot through the roof with all the foreclosures and short sales on the market being sold. Again, I think the trend is consolidation. People either lose their house to a foreclosure or short sale and move in with Mom, dad, Grandma, aunts, uncles and cousins!! hmmmm our government should learn a thing or 2 about consolidation eh?
REMAX of Joliet - Joliet, IL
I think rentals are up in our area. I get so many people calling me asking me to help them with rentals and when I find out more about them, it's because of foreclosure or short sales. So I've seen it up in our area.
Jul 13, 2010 06:20 AM
U.S. Cybertek, Inc. - Houston, MO
In Idaho the rental market is up tremendously. And you are right about consolidation concerning homes, there are many families moving in together. Apartments are a little different story though, it's to the point here in Boise that apartments are getting very hard to come by and the rental rates are headed for the roof.
Jul 13, 2010 06:27 AM
Rainmaker
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Jennifer Maher
Jenn Maher
Real Estate Resources
Jennifer Maher
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J.Philip Real Estate
Vice President Hudson Gateway Association of Realtors
Director New York State Association of Realtors
Chair Woman of the Putnam County Chambers of Commerce
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