Sacramento Region Rental Market Update

By
Property Manager with HomePointe Property Management, CRMC 00691121

HomePointe current vacancy  rate is 3.5%.  This is a landlords market with some cautions.  With high unemployment, rents have not been able to rise up as one would expect with a low vacancy rate.  But it does mean that landlords can expect to rent their property quicker. 

It is also a sign of the times that applicants credit reports often have a  foreclosure or short sale on them.  This is to be expected with the mortgage crises fallout in full swing. 

Visit our website for our most current and past rent surveys covering the entire Sacramento Region at www.HomePointe.com and click on Owner Services.

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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Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Our area has LOW unemployment * VA in general * and rents for SFRs are 15% to 20% greater than last year.  There is no "shadow" inventory of unsold homes going on the rental market when they do not sell so rents should go UP and home buyers have less inventory!

Aug 12, 2011 11:43 AM #1
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Rainmaker
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Robert Machado

CPM MPM - Property Manager and Property Management
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