The latest Property Manager Survey from Rent.com offers some interesting tidbits about the strength of the national economy: First, apartment vacancies today are no longer being driven primarily by job losses. Secondly, landlords feel comfortable enough in the national economy to continue raising rents at their apartment communities.
According to the Rent.com survey, the main reason for apartment vacancies today is no longer unemployment. Instead, consumers are buying homes and relocating to new cities in greater numbers, and this has become the main reason for vacancies in apartment communities across the country.
Read more...Rent.com survey: Apartment vacancies no longer caused primarily by bad economy | REJblog
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