Monday, June 25, 2007

More owners are trying to rent out houses

Number of properties listed for rent twice that of a year ago.

Real estate agents said the rise in home rentals is occurring
throughout the state, and with no end in sight for the sluggish economy, it's likely to get worse before it gets better. Cathy Petchell, a property manager with Reinhart, expects the number of homes being offered for rent to spike this fall, when people who listed their home for sale over the summer with no results decide to try leasing.

Well, there it is. The rental pool is beginning to swell as a result of owners unable to sell.
Look for this to become more of an issue as we reach the end of Summer.


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