Wednesday, January 6, 2016
Is it a renters market
A look at the Masa umatan rental list shows over 270 available rental units. Will prices come down? that is the question many newlyweds and young couples are asking. Rental prices in certain areas have gone up dramatically in recent years. Supply and demand is usually the name of the game. New construction floods the rental market with more units, which usually would help lower prices. Another factor which is freeing up some units, couples are relocating to Monmouth county after getting housing vouchers there. In reality homeowners and landlords cant drop prices that much due to the ever increasing property taxes and high mortgage payments. Additionaly right now is a slow market as the freezer is on, once it opens you have hundreds of newlyweds looking for housing within a few month which will shoot prices up even more.