Four interesting articles below…all pointing to the rising demand [and cost] for rental housing—with a decline in the ability [or interest] of those to purchase a home.
Housing Dependent On Young, Struggling
http://www.housingwire.com/article/housing-dependent-young-struggling-americans
Renters Rising As Homeownership Declines
http://consumerdebtrelief.in/Financial_Management_/renters-renters-on-the-rise-as-homeownership-declines/
Renter Nation
http://www.snl.com/InteractiveX/Article.aspx?cdid=A-14229386-11057
Rents Keep Rising, Even As Housing Prices Fall
http://www.nytimes.com/2012/02/25/business/homes-arent-selling-but-its-an-apartment-landlords-market.html
Your take on the articles above? What are you seeing/finding in your city/area…when comparing rental prices/trends with housing prices/trends? How are rising rental prices impacting resident retention? How is your revenue management software/system helping?
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Posted by Patricia McLoughlin
