BiggerPockets

I believe I am down about $50 on asking on my homes that average $800. 4%. I'll take it.

The recession has really affected this area as all the forclosures and people losing their homes should have created a demand for more rentals as foreclosure victims have not the ability to re-buy a home. However, the job losses and the fact that families are doubling up, has caused a slow rental market and owners have been scrambling to reduce prices to attract new tenants.