Solving the Foreclosure Crisis One Homeowner at a Time...

Thanks for joining us as we talk about real estate items pertaining to the Phoenix Metro Area. There are alternatives to foreclosure. Let us help you. Foreclosure should always be your last resort. For more information on how to avoid foreclosure and a list of homes for sale, please visit our site at http://www.marydrefs.com/. Need to find or sell a house?? Call us at 623-694-0354.

What is a Short Sale?? Click Here.

Thursday, May 8, 2014

RENTAL DEMAND IS HIGH. RENTAL RATES RISING...

In the last 2 weeks we have seen an explosion in the number of renters seeking rentals.  The demand is high and the supply of rentals is low. 
The average asking price for rent has risen from $.70 per sq foot in January '14 to $.81 per sq foot in April 2014.  The average days that a rental is actively listed on the MLS has dropped, showing that rentals rent fast!
So, it is a good time to be a landlord and a bad time to be a tenant.  This is a signal for both groups (landlords and tenants) to buy, buy, buy if possible!
Posted by Unknown at 5:45 PM

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