The Apartment Blogger

Dear Readers,

I apologize for not adding to the blog in so long but we are working tirelessly on a few exciting things:

1. We hope to launch our new website by the end of this month (fingers crossed).
   The result of which will revolutionize the way people find apartments for rent on the internet by creating a very easy and simple user experience.
   Stay tuned.
2. We have also accelerated our national expansion efforts; hoping that we will be helping renters find great apartments, save time, and money throughout the U.S.
3. There are some exciting partnerships in the works that would add even more value to both our users and to the listing owners/managers.

Back to the rental market:

There are new or at least a much larger group of entrants to the rental market, namely:

• Home owners whose property got foreclosed.
• Tenants in foreclosed multi-family buildings that are getting evicted by the banks.
• First time home buyers or just buyers in general that now can’t get a mortgage because of the much stricter guidelines and full doc’ loans.
• Buyers that are scared about prices going down even lower who are still waiting things out.
• You have more students that require more apartments due to the new law that limits the amount of students in each apartment to 4.

As a result, we are noticing an upwards trend for prices of rentals this Spring/Summer season.

IG

Filed under: Current Trends by APT4rent on 06.11.2008