New analysis of real estate data shows that as pandemics are relaxed and telecommuting becomes permanent, Americans are the most competitive in the country in a more relaxed lifestyle community, especially in Florida and the northeast. I continue to look for a home with a renter market. ..
The Analysis, released in June by RentCafeA division of real estate software company Yardi Systems has shown that Miami-Dade County, with more than 20 miles of beaches, was the most competitive area for renters during the first four months of 2022. , Pa.; Orlando, Florida; North and Central Jersey, Southwest Florida, Grand Rapids, Mississippi. Milwaukee, Rochester, NY.
Rent trends, according to the report, are partly underpinned by rising home prices and rising mortgage rates, driving potential buyers into the already overheated rent market. To determine the hottest market to date this year, researchers have considered five indicators. Average vacancy days, occupancy level, potential lessors competing for listing, rental renewal rate, and number of new apartments built in the first four months of the year.
Doug Ressler, Business Intelligence Manager at YardiMatrix, a division of Yardi Systems, said a variety of factors affected the outcome, including rapid inflation and the rise of remote work. “It would be great if one of these mosaics contributed to the increase in demand, but each market has its own profile,” he said.
For example, Miami-Dade County expanded its home inventory from January to April to accommodate the influx of lessors. However, due to looser Covid restrictions and the temptation of lower taxes, the region was very competitive. “Miami has a business-friendly climate,” said the wrestler.
Meanwhile, Harrisburg, near Philadelphia, New York, and Washington, did not add new apartments at the same time, requiring tenants to continue to renew their rental agreements.
