2008 has been a historical year. Families that cannot sell their homes are electing to turn their homes into rental properties. This has caused a drastic increase in available rental properties. Potential buyers who cannot get mortgages are forced to find a rental home. Even though we have more families looking for rental homes, individual landlords might not notice the increase due to the added volume of available rentals.During a typical year, the rental market slows down from Halloween through New Year's. This year has been atypical. Although we have seen a decrease in phone calls, web site hits and MLS showings, it is still busier than normal.
As we enter into 2009, we are expecting to continue with this trend of increased activity.
Debbie Henry
Henry Property Management
919-859-2323
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