Weakening Rental Market
Is anyone else seeing a weakening in the rental market? I have vacancies on the rise and new tenants seem to be few and far between. I know several markets have been experiencing this for some time, but our market is usually fairly resilient. What are you seeing?
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Statistics have shown an increase in supply across many markets. Partly due to what they are calling "accidental landlords" - people listing their homes for rent because they don't want to sell in the current market environment. Hopefully turning into 2024, seasonality does it's thing and demand increases.