According to a recent story I read on CNBC, new reports confirm that the rental / apartment market has picked considerably over the 4th quarter of 2010. The 4th quarter is usually the slowest of the year, but in 2010, according to Reis, Inc, the national apartment vacancy rate fell by nearly half a percent from 7.1 to 6.6 percent. Close to 58,000 units were filled nationwide.
This appears to be a real trend. This drop follows one of the biggest drops on record during the third quarter. With that kind of demand, landlords are giving less concessions, and in some markets are actually increasing their rents. This trend is likely to continue as the country works its way out of this foreclosure mess.
When you factor in that property values are down, yet rental incomes are increasing, now is when the smart investor starts getting back in the real estate market. Investors are able to reap great returns on their money with relative low risk. To read the entire article, visit CNBC.com