I also read that rental rates are up but I don’t think that the rate increase is sustainable.
The summer is a good rental time because people are on the move looking for places to relocate.
My feeling is that there’re lots of empty homes out there. They’ll turn into rentals eventually.
If i were to rent, i would take some time to find my own rental from a private party rather then going to an agent. Yes, it’s a pain to drive around but it’ll pay off in a lower rental rate for a better home.
Owners insisting on rents that they need cover mortgages are like sellers insisting a price they need to come out even or make a profit. They’ll crack soon. Give it another 6 months.
Just my general feeling. I don’t have hard date to back this up.
