TRIANGLE - HEADING TOWARD A RENTERS MARKET?
Triangle, North Carolina. A Renter’s Market On The Way? Some indicators say Yes - some indicators say No. After looking at the items on both sides of the ledger you can flip a coin and make your choice. * The Triangle labor force slowed to a plus 1.5 percent during the last 12 months * Also, during the last 12 months 3,647 new apartment units came on the market * In the Triangle companies are reducing and delaying expansion * At the end of March the area had 91,800 apartments. At the same time 9.2 percent of them were empty * Units under construction total 3,687 while, at the same time, the number of unsold homes continues to increase * Tighter lending requirements, people moving out of homes and into apartments and renters staying in apartments longer indicate it should be a good market for landlords. Place your bets ladies and gentlemen.
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
