It would make sense that rentals would be in more demand as more people lose their houses to foreclosure. They have to live somewhere, and they can’t all move in with relatives. The vacant foreclosed properties will sit vacant for a while until the bank decides what to do with them, then they will be for sale, not for rent. Rent’s are definitely up here in my area in eastern LA county/San Gabriel Valley. And I don’t see many vacancies.
