[gopheralex]

My impression for some time through this housing market crash has been that a greater supply of rental houses on the market would cause rent prices to fall. Is it possible that with so many people losing their houses and having to rent now, rents are actually increasing, while all those vacant houses sit abandoned in foreclosure?

My apartment complex has a website on which they advertise available units and what they cost, and from the looks of it they appear to be jacking up rents 10-15% compared to a year ago. Vacancy is low (3 miles from the strip). Anyone else noticing the same thing? Or do I just live in a desirable place?

[AA702]

Last year on my Pool Route, I had about 20 or so empty rentals that were vacant for long periods of time. Now, all but 2 of them are rented out. The reason for the 2 not being rented out is because these homes are not in the best areas and are older (1980s) homes. All the ones in the good areas rented pretty quickly.

[Daddys///M3]

10%-15% is a pretty large increase in rent. Usually it goes up every year on average about 3%-5% (from what I've experienced). The fact that so many people are displaced due to foreclosure right now is directly contributing to this, although I believe that we are still experiencing a small migration to Vegas right now as well.