"Rental vacancies" refers to the number of available rental properties that are currently unoccupied or without tenants.
Full definition
It's not surprising the third quarter national
rental vacancy rate of 2017 rose 0.7 points to 7.5 percent.
As rental vacancy rates fall across most parts of the country and more jobs are created, they will continue to jump further.
That's why we looked
at rental vacancy rates, which by definition aren't meant to be a lifetime arrangement.
Explore best practices for marketing your property online,
reduce rental vacancies, and increase the number of applicants.
In 2014
rental vacancy rates decreased by 2 % which indicates more people were opting to rent instead of purchasing a home.
Attracting new tenants to fill
rental vacancies quickly is critical for maintaining a steady revenue stream from your property.
Since then,
national rental vacancy declined, spelling out good news for rental property owners who don't want their unit to sit on the market for very long.
«Rental rates have continued to rise year over year,
while rental vacancies have steadily decreased since the burst of the housing bubble» (US News) Someone asked me if it was a buyers or a sellers market the other day.
But recent economic indicators suggest that homeownership may once again be on the rise, while nationwide
rental vacancies hit 7.3 percent in the second quarter, up from a year ago at 6.7 percent.
To measure this aspect of the market we collect CMHC's figures on the five - year change in rent prices and the
current rental vacancy rates for each city.
Alaska as a whole experiences a 5.62
percent rental vacancy rate, and in areas such as Anchorage it is even lower at just over 4 percent, making the state appealing for potential landlords to meet demand.
Winnipeg's.8 per
cent rental vacancy rate (the lowest vacancy rate of 34 census metropolitan centres surveyed by Canada Mortgage and Housing Corp. in fall 2010) is a contributing factor in making Winnipeg's housing less affordable, says the report.
The
average rental vacancy rates in these counties were 7.4 percent compared to a national average of 8.7 percent as of the end of 2012.
This dynamic, coupled with the low
statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.
Data is also available below for
Phoenix rental vacancy rates, Phoenix rent as a percent of median income and the fraction of renters in Phoenix.
A well - supplied resale market, and
elevated rental vacancy rates, may have contributed to the decline in housing starts; however, these numbers can fluctuate from quarter to quarter, the report says.
According to
statistics rental vacancies in Southern Nevada decreased in the first quarter of 2016, extending a three year long streak.
You have to show your investor clients you can walk the walk by providing ongoing details pertinent to their geographical areas of interest
including rental vacancy rates, zoning changes, ways to boost property value, mortgage rates and products, and so on.
The
U.S. rental vacancy rate hit a 21 - year low at the end of last year, according to the Census Bureau, giving landlords leverage to charge more.
To pinpoint these promising places, we started with the nation's 75 largest metropolitan areas and ranked them based on average monthly rent, median household income for renters,
residential rental vacancy rate and overall cost of living.
«With
lower rental vacancy rates and rising rents, combined with still historically favorable affordability conditions, more people are buying homes.
The 2018 provincial budget phases out the Saskatchewan Rental Housing Supplement (SRHS) on the grounds that
higher rental vacancy rates make the program unnecessary.
With an extremely low
rental vacancy rate hovering around 0.5 percent and an expensive real estate market, it is notoriously difficult to find an affordable rental apartment in Vancouver.
There has been
a rental vacancy rate of below five per cent in the city since 1965.
But, note that in the hottest markets — Vancouver and Toronto —
rental vacancy rates remain extremely low and even fell in Vancouver, despite huge condo construction activity.
«
Rental vacancy rates are a leading indicator of housing activity, especially in the condo sector.
What is noteworthy about this chart is that
rental vacancy rates have skyrocketed in those regions where the oil price rout has hit the hardest — Alberta, Saskatoon and Atlantic Canada.
The Fed noted that
rental vacancy rates in northern New Jersey and upstate New York remained near multiyear lows, while rents rose by about 4 % year - on - year.
The economics of investing will likely continue to deteriorate with the rental market well supplied,
the rental vacancy rate rising and rents stagnating.
«
Rental vacancies are at less than one per cent in our major cities, and buying a home is out of reach for many.
Columbus» low
rental vacancy rates and its RPP at 5.5 percent below the national average make it the last city on the list to round out the top 10.
«There are
rental vacancy rates across the province of less than one per cent.»
«Low
rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they'll outpace home price appreciation in the year ahead.»
«
Rental vacancy in Toronto is just 1.2 %, so all of this stock is not glutting that market.»
This in turn will help boost
the rental vacancy rates, keep rents flat, and make buying condos for investment purchases less attractive.
Weightings: Rent increase over five - years 5 %,
rental vacancy: 5 %
The rental vacancy rate remains high.
The rental vacancy rate in Cottage Grove (population of 9,700) is 1 %.
«With lean for - sale inventories and low
rental vacancy rates, many markets have seen housing prices outpace inflation,» Nothaft says.
Neither of these rates were statistically different from the fourth quarter 2015, when
the rental vacancy landed at 7.0 percent and the ownership was at 1.9 percent.