Low Inventory Driving Up Single Famly Home Rental Prices
Low inventory is often cited as a reason that housing prices are rising in Georgia and around the country. According to a recent study, low inventory is also causing rental prices to increase as well. Single family rental prices in housing markets around the country grew by 3% in September when compared to a year earlier, with less expensive rental properties bearing the brunt of the increases. The steepest rental increases are occurring in metro areas that are growing rapidly but have limited new construction due to a shortages of buildable lots and a variety of different reasons.
Tired of rental increases and looking for a home to purchase? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or firstname.lastname@example.org.