The Sacramento rental market appears to be heating up. Our website activity has seen listing views rise from just over 6,000 page views per day in mid February to over 9,000 page views as of March 6, 2008. That is a 50% increase in activity.
Our property managers are reporting increased traffic at our rental open houses.
Our three offices in the greater Sacramento area rented 60 properties in Feburary. This is a small amount higher than our monthly goal of renting 50, but it is almost 20% more.
We are seeing the result of the sluggish sales market. Forclosures are removing some housing stock and since buyers are sitting on the sidelines, they appear to be renting. That is good news for landlords.
 |
|
|
Property Management Rentals and Maintenance in Sacramento, Yolo, Placer, and El Dorado Counties from offices located in Sacramento, Roseville, and Orangevale, CA We manage residential and commercial.
Part IV REDC Auction Does the Bank Accept or Reject?
What can a security deposit be used for (in California)?
What part of a security deposit can be non refundable in California?
Sex Offender Notice Required in California Rental Agreements
When is the Rent Due and When is the Rent Late?
It's 100 Degrees, Should I Put Central Air in My Rental Unit?
West Nile Virus and Sacramento and Yolo Counties Part 2
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
I would imagine that we'll see that trend in quite a few markets as markets "correct".