Vacancy Rate Remains High

Welcome to the AAOA Forum, where we discuss the the topics our members want to hear and want to talk about. We like to take an active roll in the online community to help our members learn and help educate landlords new and old. We encourage you to participate and join in our discussions. Thanks.

The U.S. Census Bureau released its first quarter 2009 housing reports, which indicate the overall rental vacancy rate remains high at just over 10%.

The Bureau reports that cities in general are experiencing a higher rental vacancy rate than suburbs, and that the vacancy rate in those areas is higher than it was this time last year.

The South is experiencing the highest rate of rental vacancies, 12.9%, while the Northeast is experiencing the lowest, at 6.9% This is a change from first quarter last year when the highest rates where in the West, and the lowest in the Midwest. The rates for the South and the Northeast have not changed from this time last year.

For more, see USCensus.

See our feature, The ‘Blend and Extend’ Lease: Will It Reduce Vacancies?

American Apartment Owners Association offers discounts on products and services for landlords related to your real estate investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at joinaaoa.

To subscribe to our blog, click here.

Tags: rental+vacancies+high, rental+vacancy+rates, landlords, apartment+owners, real+estate+forms, tenant+background+checks

Filed under: AAOA Forum

This entry was posted on Wednesday, June 10th, 2009 at 2:35 pm and is filed under AAOA Forum. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

American Apartment Owners Association

Tenant Screening

Rent Collection

Categories

Archives

Vacancy Rate Remains High

Please tell us what you thought of this article. We value your opinion.