Arizona home prices may be dragging but we have a great rental market!
Arizona and Florida both top a list of metro areas with the biggest rent drops. As housing prices continue to drop more homeowners are renting because they can't sell. More competition means desperation and lower prices. Until we see a decrease in inventory prices will continue to remain low.
The weak economy is also impacting rentals. As many Americans worry about what their future holds, renting might be a better option for those that don't want to be tied down financially.
Tucson has seen a annual rent drop of 2.4% and a vacancy rate of 7%.
Arizona and Florida both top a list of metro areas with the biggest rent drops. As housing prices continue to drop more homeowners are renting because they can't sell. More competition means desperation and lower prices. Until we see a decrease in inventory prices will continue to remain low.
The weak economy is also impacting rentals. As many Americans worry about what their future holds, renting might be a better option for those that don't want to be tied down financially.
Tucson has seen a annual rent drop of 2.4% and a vacancy rate of 7%.
6 comments:
It's better to rent out.
Boise real estate
Thanks for sharing............
___________________
Julie
Free HD DVR Receiver Upgrade
Thanks for sharing, needy people will take benefit for this post.
Thanks !!
For Sale by Owner Homes
Thanks for sharing.Nice and interesting blog for knowledgable.this is some relevant beneficial information...
flats in lucknow | plots in lucknow
bbd green city lucknow
ansal golf vista lucknow
rg euphoria lucknow
Post a Comment