Posted August 2, 2012 by Cerissa Lair
Need to rent a home? According to the US Commerce Department, the residential vacancy rate fell from 8.8 percent to 8.6 percent in the period from January to March of this year. The US has not seen this low of a vacancy rate in rental homes in over a decade. The tightening rental market definitely can keep rental rates up since the supply is low.
Some of my rental clients have had to lease places site unseen because they don't have much to choose from in the Dallas area and the best homes go fast! Others have gone into a bidding war, offering landlords hundreds more than they asked for each month simply to be the chosen applicant. It is not uncommon to see three applications on a home within the first day a home is on the market in the popular areas of the city.
Call Cerissa Lair, for your real estate needs, at 214.770.7178 or email Cerissa@RogersHealy.com