Rental Vacancies Have Been Dropping for a Decade. Why?
bensprague.substack.com
Right now the rental market is very tight. Turnover among tenants is low and property owners report low vacancies, lengthy waitlists, and dozens of inquiries when a unit does become available. Rents are also rising, putting a squeeze on renters, the very same people who are also having trouble entering the homeowners market with very little inventory available especially at low and moderate price points, heavy competition among fellow buyers, and rising interest rates.
Rental Vacancies Have Been Dropping for a Decade. Why?
Rental Vacancies Have Been Dropping for a…
Rental Vacancies Have Been Dropping for a Decade. Why?
Right now the rental market is very tight. Turnover among tenants is low and property owners report low vacancies, lengthy waitlists, and dozens of inquiries when a unit does become available. Rents are also rising, putting a squeeze on renters, the very same people who are also having trouble entering the homeowners market with very little inventory available especially at low and moderate price points, heavy competition among fellow buyers, and rising interest rates.