Renter's Market
There’s a time when it’s neither a Buyer’s Market nor a Seller’s Market. We call it “Renter’s Market”.
It’s that time where, despite the supply and demand ratio of properties for sale, the overall economic conditions are not favorable for such a big investment like buying a house and the Real Estate Market shifts toward Rental.
Renters always represent a huge market. There are a lot of people in many professions who get transferred from place to place, so choosing rent is best for them. Additionally, a lot of people have been preferring to save money to travel and other types of entertainment, so they don’t have “owning a house” as a priority – especially the ones who don’t have a big family and don’t intend to. Not to mention Rent Control, which always provides certain gems…
However, the term Renter’s Market should only be used when, independently from all of that, it is economically more interesting - both to the tenant and the landlord - to rent than it is to buy or sell.
Real Estate Secrets:
Did you know there is a middle way between rent and buy/sell? It’s called Rent with Option to Buy and we have a blog explaining a little bit about the so-called Rent to own Properties. You should check it out!
Is it a Renter’s Market right now? Look through The OFFICIAL Real Estate Agent Directory® and find a local agent that specializes in rental to help you find the best offerings!
Popular Real Estate Terms
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payment of a debt before its due such as a mortgage payment or insurance premiums. ...
Way of valuing real estate that computes the discounted present value of an expected stream of income, including rental income and future capital gains or losses. ...
A triangular shaped end of a building where a double sloped roof meets at the top of the triangle. A gable begins at the eaves of a roof and terminates at the roof ridge. ...
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Room in a home where the occupants spend their leisure time. ...
State tax based on the value of property received through inheritance. The tax is paid by the recipient not the estate. Tax paid to the government or state upon the death of the taxpayer ...
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