An Event Worth Noting

By
Real Estate Sales Representative with RE/MAX South Shore Realty

We are only 22 days into 2009 and I have leased my last rental property. I have over 60 homes that I property manage. I consider this a sign that the rental market in my area is starting to get better. Rental prices tanked over the past year. Once demand exceeds supply we should start seeing rental rates going up. Now wouldn't that be wonderful.

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Ambassador
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Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

That's surprising to me that rental prices tanked last year.  You would think with all the people losing their homes that it would drive rental prices up.  Shows you what I know! 

Jan 22, 2009 06:39 AM #1
Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

You might be interested in the link I just put in my blog that gives HUD's opinion about rental rates.

Jan 22, 2009 07:04 AM #2
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Rainer
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Jennifer Pichette-Fieo

RE/MAX South Shore Realty
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