The sticker price on a lease is down about 5%. And those doing the renting are agreeing to concessions such as new appliances. Here are the details in BusinessInsider.
During the past few years it's been a bad time to rent just about everywhere. Not just in popular metro areas. Clearly landlords had the upper hand on everything from how they determined whether to rent to you to the move-out rules and regulations. The smart money was renting, not buying. Landlords took advantage of that trend.
Now, there may be a shift just about everywhere. The one-bedroom across the hall has been vacant since mid-October. Signs outside this 400-unit complex broadcast amenities such as the rent's covering all utilities and pet-friendly policies.
Unfortunately, for those who sell houses and write mortgages, this trend could be a negative in their businesses.
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