If you're ready to brave the real estate rental market now's the time to make your move. Rental properties are in high demand and the competition is fierce but you can still land a great deal with a strategic plan. This article shares a few pointers on today's rental market and how you can score an amazing place to rent with just a little due diligence.
Demand for rental properties has been on the rise since the housing market collapsed in 2007, when millions of Americans lost their homes to foreclosure and moved into rental units. At the same time, construction was stalled because builders couldn’t get loans. Between 2007 and 2013, the U.S. added more than 6 million tenants, compared with only about 200,000 homeowners, according to Stan Humphries, Zillow’s chief economist. And now? An improving economy has many Americans finding jobs and thus looking for rental units, which means you can expect additional competition.
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