February 12, 2004

CNN.com: some rental housing markets gasping for air

CNN.com has a story about how some rental markets are down significantly from last year, despite rising house prices.
In areas where the rental market has really taken a beating, such as Atlanta, Denver and San Francisco, landlords are desperate. Not only are they making concessions on rent, they're offering freebies -- DVD players, televisions, vacation packages, even the chance to win a year's free rent. In 2003, rents in the San Francisco Bay area fell 6 percent, according to M/PF Research and Torto Wheaton Research. In Atlanta, rents declined 4.5 percent, and in Denver they've come down 4.3 percent.
Posted by dapkus at February 12, 2004 01:56 PM | TrackBack