Feedback on the rental market in Greensboro, NC
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Not really in "the trenches" at the moment, but I will say that their seems to be a lot of multi-family projects under construction. Some are just nice mid-range apartments and some are upper end. Some in town and some on the edge of town. The I-40 corridor from Greensboro to Wilmington seems to be where most of the developers (residential, light industrial, commercial and retail ) have their eyes pointed. Been slow for a while but seems to be picking up steam again, they seem to know something is happening or about to happen.
The realtors say that they need more inventory, and I notice that their seem to be a lot fewer "For Sale" signs in the upscale neighborhoods. I think prices are a bit slow to rise but improving, most of the foreclosure inventory has been sold off so that should help. What I have noticed in a larger than normal number of property tax foreclosures listed. I think that may be because they have been so reluctant to press the issue until the economy improved though.