Its time to break out that old lease and start reading the riders, cause it’s warming up quick on Wburg’s already smoldering rental circuit! With sales low this year the market is saturated with renters that qualify for home ownership competing alongside young professionals and students with guarantors. The competition promises to be fierce. Over the last six months we’ve definitely seen a trend on the rental market, of highly qualified seekers with reserves in the bank. Prospective tenants that would have been saving to buy a home, coupled with recent homeowners that just sold their primary residences, are going to be major influences on the rental market in 2008.
(more…)
posted by linnaeus at 8:19 am
