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RENTAL PROPERTY - NEWSLETTER - BLOG
By: Donald J. Leske II
Property Manager / Editor
BCI Properties, LLC

Issue 3 - 2008 Rental Market booming as foreclosures soar.
                             By: Donald J. Leske II / Real Estate Broker / Property Manager / Editor & Webmaster

 Is it any wonder...

As the real estate market shows signs of softening, many Americans are adopting a wait-and-see attitude about home buying. And those in need of housing are turning to the only viable alternative — rentals.

The result of this shift is an increasingly tight rental market.

"With mortgages rising and home prices at such a high level, people who might have considered purchasing a home a few years ago may now be turning to the rental market, particularly in big cities like New York," says Richard Levy, a senior research analyst at the National Multi Housing Council, an industry association based in Washington, D.C.

But much to renters' chagrin — and landlords' delight — greater demand has led to higher rents. In fact, NAR expects rents will rise an average of 4.1 percent this year, compared to a 2.9 percent increase last year.

EXCEPT..... with BCI PROPERTIES, LLC in Tacoma Washington USA. -
The rentals which are listed here are average or below average rental rates according to www.rentometer.com the National rental gauge for rental properties nationwide. See this chart for proof, using a current listing...:
 [click the chart graphic to check for yourself]