Vacancy Rates Plunging at HomePointe

By
Property Manager with HomePointe Property Management, CRMC 00691121

At HomePointe Property Management are seeing record breaking occupancy rates this winter for single family homes, duplexes, and apartments.  Our current vacancy rate currently just under 4% which is 1-2% under what we consider a normal market.  

This low rate is due to several factors.  The normal buying and selling in the Sacramento Region is not taking place.  Wtih fewer sales come fewer investors buying homes to rent out.  A number of landlords are giving their properties back to the bank which is taking those properties off the grid.  The only new rentals coming onto the market are from existing rental stock and homeowners that cannot sell but are not upside down on their mortgage.  Finally, tenants are staying put which saves them from moving costs and possible higher rents.

We have not seen rents increasing just yet, but that should be right around the corner.

Best wishes for a great 2011!

Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

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Rainmaker
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Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Robert, 

Excellent.  We are seeing the same thing in Atlanta.  Reduced properties and higher demand.  

All the best, Michelle

Jan 09, 2011 05:05 AM #1
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Rainmaker
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Robert Machado

CPM MPM - Property Manager and Property Management
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