Recently, Rent.com surveyed property owners representing roughly 4,700 communities and over 1,000,000 rentals to get some insight into the current state of real estate markets across the United States.
According to the results, the vacancy rate climb appears to be ending for many owners, with 42% of them reporting lower vacancy rates than a year ago. Among other findings, most owners indicated they predict rents to remain at or exceed current levels, depending on the region, with the highest percentage of respondents (63%) expecting rents to rise in the Northeast over the next 12 months.
If you're looking for an apartment and worried you won't get a good deal, take note that 36% of the survey's respondents still claim to offer prospective tenants at least one rent-free month, 44% are reducing the amount of required deposits, and 22% are offering apartment upgrades at no charge.
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