Category Archives: Rental market update

Houston Rents Continue to Soar

By: Andrew Horvath | Published: January 29, 2013 | Categories: Market Report, Rental market update

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

By: Ranjit Gill | Published: January 4, 2013 | Categories: Market Report, Real Estate, Rental market update

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

By: Paul Soley | Published: October 12, 2012 | Categories: Real Estate, Rental market update

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

By: Andrew Horvath | Published: August 28, 2012 | Categories: Rental market update

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?

By: Rob Carlson | Published: August 27, 2012 | Categories: Rental market update

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

By: Andrew Horvath | Published: August 10, 2012 | Categories: Rental market update

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

By: Rob Carlson | Published: June 5, 2012 | Categories: Industry Trends, Rental market update

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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Know Your Rights as a Renter

By: John Fischer | Published: May 24, 2012 | Categories: Rental market update

Let’s face it: the housing market has been in a serious slump over the past few years, and consequently people are afraid to move. Fortunately, the past few seasons have seen optimistic housing trends in America. There’s more confidence in buying goods and vacationing, and the unemployment rate is steadily decreasing! At this time, renting seems …
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Apartment Hunting

By: Andrew Horvath | Published: May 2, 2012 | Categories: Industry Trends, Market Report, Rental market update

The article “Apartment hunting in a tight market“, published in the Chicago Tribune, is a realistic snapshot of the severely competitive rental market in Chicago and is also representative of the rental market across the country.  Multiple daily showings, units snapped up within 24-48 hours of listing, and the disappearance of rental concessions are conditions …
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Here We Go Again

By: Paul Soley | Published: April 4, 2012 | Categories: Real Estate, Rental market update

Related Entries AG Warns Against Craigslist ScamsThe story below, published in the Westchester Journal News, is yet another reminder to renters that they need to be very careful to avoid scammers that are getting bolder and more clever. Working with a reputable broker is an easy safeguard against fraud.   Victims mount in rent scam. Con …
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