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The rental market is on fire here. There is a lot of new construction going on to meet this demand with new rental housing that will subsequently be made into condos. (should the rental market decline)
Extremely low... 1% or less currently in my market of Wenatchee, Washington (Central Washington State).
Low inventory too.
If you want a home...it is almost inpossible. Not uncommon for a new home rental to get 15-20 calls the first day.
Good Tuesday morning Conrad. I would not have a clue as I am not in the rental business.
Good morning Conrad. I don't really know what the real vacancy rate is, but know that my rentals are all full and when I have a vacancy, they get rented very quickly.
market is tight here as well in Greater New Orleans. Low inventory as well.
Ours is not that tight, most of the year, but in the month of August EVERYTHING fills up in anticipation of the new school year at UWSP.
There are no rentals except in apartment complexes.
Rising and low vacancy
We have a good supply of 6-8%. I would like to see it tighten up a bit.
Oklahoma City is currently 1% to 3% above $1000 a month. The % depends on time of the year.