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Showing posts from January, 2024

Challenges and Opportunities in Single Family Rental Market

Recently, the rental market in the United States has experienced a notable increase in new offerings. This is primarily comprising high-end apartments. However, what does this inflow mean for individuals seeking a single family for rent homes? Check out this blog post to know more about this concept. Understanding the Shift According to a recent study, the peak rental season from April to June shows a decrease in competition compared to the previous years. This shift can be attributed to the increased inventory of rental properties in every part of the US. Moreover, there is also a decrease in the number of prospective renters per unit. Studies About Single-Family Rental Homes: Some studies have analyzed various metrics across 139 U.S. markets. This includes occupancy rates, lease renewal rates, average number of prospective renters per unit. It also includes an average number of vacant days and the share of new apartments introduced during peak season. Notably, more than half

The House Rental Opportunities in Ohio

Ohio’s housing market has a balanced supply and demand ratio. So, it is an attractive prospect for renters coming here from all across the world. Due to the steady population growth in the state, there is a consistent demand for housing. That means, there is an increase in the demand for the House for rent in Birmingham. This is because many people are preferring to find homes in villages and towns in Ohio Reasonable Pricing Structure: The housing market in Ohio is affordable i.e., you can get here rental properties at reasonable prices. This is the reason why people who want to spend their lives in the US look out for a House for rent in Ohio . Compared to major urban centers like New York City or Chicago, Ohio provides excellent value for real estate. This fair pricing contributes to a stable housing market. Attractive Features: Ohio has a low population density which is the prime reason for a stable economy. It also has a well-developed infrastructure. The state’s spaciousne