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Old 05-29-2012, 07:04 PM
 
Location: NJ
7,169 posts, read 11,994,697 times
Reputation: 1500
Quote:
Originally Posted by SAKIRAV View Post
The low amount of rentals available means what then? Are so many people moving in DUE to jobs, or are most people moving to rentals due to not being able to get a mortgage or ?
There are a lot of factors for that...People relocating, People selling or foreclosing on their homes or selling as a short sale, and some that can not get a mortgage....Honestly even if we could buy today I wouldn't I think the real estate market is still too unstable...
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Old 05-29-2012, 08:44 PM
 
Location: Wellington, FL Palm Beach County
1,867 posts, read 2,875,800 times
Reputation: 778
Too much uncertainty in the market, presidential election year, rising home owners insurance rates, dismal job market, foreclosures though supposedly down slightly are very high here in relation to other places.

CoreLogic: Foreclosure rates in South Florida down in March - South Florida Business Journal
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Old 06-02-2012, 09:46 AM
 
308 posts, read 278,489 times
Reputation: 347
I have a few of investment propetries, the typical renter and phone calls have been families that are short-sellers. This is in the $1300-$1500 range for 3BR.
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