As home prices increase even “the shark” will stop biting and home sales will feel the pain. First we’re going to see a drop-off in refinancing if rates stay at current levels or go higher. Next, it will take longer for mid-range houses to sell and the supply of starter homes will dry up. All this bodes well for owners of residential rental properties and the managers who help them. As the summer sails by and a new school-year approaches, look for potential residents (renters) to become more frantic and willing to pay a little extra to get into a well-managed residence with a year’s lease.
Posted on: Tue, 25 Jun 2013 22:15:58 +0000