Slowdown in housing market is helping landlords raise rents

After a brief winter slowdown in rising rents, tenants across the Seattle region are back dealing with the same old discouraging story: rents are shooting right back up again. But there is some.

When a neighborhood landlord named Stephanie Kirnon. Supporters of the new rent protections said the curbs on rent increases in the law were a necessary brake on a real estate market that was.

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KREM spoke with tenant advocates, landlord groups and local politicians about their thoughts on rent control. Steve Corker, President of the Landlord Association of the Inland Northwest, said that.

The slowdown in rental growth will undoubtedly provide some welcome relief for renters who’ve been experiencing sometimes dramatic rent increases every single year for the past few years. But make no mistake – even with the slowdown in rental appreciation, rents will keep rising and will remain unaffordable in many of the major markets.

“What that tells me is that this is a picture of a robust, and even healthy residential real estate market. that increase will slow without greater rent increases to keep up with ever-higher.

The relentless shortage of housing has lead to dramatic increases in rental rates. However, market analysts predict that these dramatic price increases will likely slow in the coming years as housing becomes more available. While vacancy rates remain historically low, these figures hide the true issues. Landlords, especially those who own units in the high-end market, are offering more concessions to keep units filled.

Miami Beach real estate market trends indicate an increase of $17,500 (5%) in median home sales and a 0% rise in median rent per month over the past year. The average price per square foot for this same period fell to $453, down from $465.

An interesting thing happens when the rental market is hot.landlords raise rents every time a unit becomes available. How easily we slip into complacency as landlords. We think this rise in rents will continue forever. Before you know it, the market takes a swing and suddenly it becomes harder to rent and as a landlord you wonder why.

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5 Reasons Why You Should Raise the Rent [Updated 4/25/2016] While raising rent probably isn’t on any landlord’s list of fun ways to spend their day – given that tenants won’t exactly respond to the news with happy excitement- it’s a necessary part of property management.

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