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
A map that shows land elevations. ...
Situation where a neighbor hood is gradually occupied by progressively lower income people. ...
One based on the whole body of the law. A lawful right is being exercised. ...
Local government ordinances governing real estate development including structural and design aspects. Zoning ordinances usually define various usage classifications ranging from ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
Person's title to real estate giving him exclusive power and rights owner it. ...
Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. ...
Arbitrary value assigned to real property without any scientific or technical reason. It is a personal decision based on a hunch. ...
It is intended to stimulate private investment in distressed cities and urban counties by providing federal "seed money' to attract private funds for such projects as industrial parks and ...
Have a question or comment?
We're here to help.