Rents Continue to Increase
Rents Continue to Increase for Residential Properties
Demand for rentals remained strong in March, according to the latest REALTORS® Confidence Index. Among those REALTORS® involved in a rental, 48 percent (46 percent in February) reported higher residential rents compared to 12 months ago. Rising rents may make home ownership more attractive but also may slow the ability of current renters to save for a home purchase.
Clients looking for investment opportunities are in a good position to take advantage of the rising rental market. Due to our proximity to Appalachian State University and the many tourists that visit the area, investment properties can be a good addition to your portfolio. Rents continue to increase as demand in the area increases. Inventory is shrinking so now is a good time to take advantage of the current real estate market while rates are low. We are also partnered with High Country Cabin Rentals for all of your property management needs. For more information about investment properties, contact us.
Leave a comment