Category Archives: Rental market update

Future of the U.S. Rental Market

With the U.S. national apartment vacancy rate expected to remain low moving into 2014, much discussion surrounds the need for more policies catering to transferring employees choosing to rent rather than buy. Michelle Sandlin, Relocation Professional and Correspondent for the Houston Chronicle, presents this issue in her article On the Move: Future of U.S. Rental […]…
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The Balancing Act of Apartment Supply and Demand

According to figures released October 1 by real estate research firm, Reis, Inc., the US national apartment vacancy rate fell to 4.2% in Q3 from 4.3% in Q2. Collecting data in 79 US markets, Reis reported this was the lowest vacancy rate since Q3 2001 when the rate dropped to 3.9%.  While rents have risen […]…
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Rental Vacancy Rates in Colorado’s Longmont Area

According to a recent article in the Longmont Times, for the past several years the Denver metro area (particularly Boulder County and the city of Longmont) has experienced a severe shortage in apartment units. Longmont’s vacancy rate for apartments is half that of the metro area, holding at 2.3% during the first quarter of 2013.  Boulder vacancy rates […]…
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Houston Rents Continue to Soar

As waves of young business professionals continue to relocate to the city of Houston, vacancy is down and rents are up. Two recent articles from CultureMap, a digital magazine for Houston and Austin, forecast these trends will remain consistent during 2013. Notable businesses contributing to the area growth include ExxonMobil and Chevron. With so many […]…
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An Increase in New Apartment Construction

A recent article in the New York Times highlighted the increase in construction of new apartments in Houston, TX as a result of the demand for more rental housing.  Much like other large markets across the country, Houston is almost at maximum capacity for apartment rental homes and rates have increased over the past two years.  […]…
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More Jobs = Higher Rent

Median rents in Manhattan climbed 10% in September and are now approaching the all time high of 2006. With 77,400 new workers and a lack of significant new inventory coming online this trend is expected to continue for the foreseeable future.  Be prepared to discuss housing allowances. New York Magazine has the full story….
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Rents Continue to Increase

According to a recent article in the Wall Street Journal, new apartment construction now accounts for 28% of all new builds. This is the result of a continuing shift toward renting due to current economic and financial conditions. Vacancies among rental properties are at their lowest rate since 2002, creating a landlord’s market. Average rents increased […]…
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Should You Buy Now?

We are hearing a lot about historically low interest rates and rising existing home prices, so those would typically indicate that you should get in while you still can.   In a recent article by Melinda Fulmer of MSN Real Estate, she provides some deeper analysis behind the headlines that would indicate that most buyers still […]…
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Craigslist Scams and Your Rental Research

Craigslist scams are very common in today’s tight rental market, and even outnumber legitimate rental advertisements in certain markets. To avoid potential scams, Dwellworks consultants use a variety of publicly-available resources to research rentals. To avoid Craigslist scams yourself, follow these rules provided by www.Craigslist.org: Deal locally with sellers you can meet in person to avoid […]…
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Distressed Homeowners to Renters

We have all heard the phase “rent to own”,  but in the real estate market we are hearing about increases in number of homeowners converting back into renters.  In their recent Los Angeles Times article, E. Scott Reckard and Alejandro Lazo detail a recent mortgage-to-lease program that Bank of America is testing on a limited […]…
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