Alexandra Goldthwaite, CPM, MPM with HomePointe Property Management was interviewed by CBS News for a Rental Market Update.
Our vacancy rate for April 2017 stood at 1.7%. Landlords continue to sell to first time buyers removing some rental stock. This is creating a lot of tension with not enough rentals to satisfy demand. For those landlords holding on to their property, occupancy rates are high and rents are rising.