According to DSNews.com and Moody's Analytics (Rental Marketing Still Tightening, Esther Cho, June 12, 2012), with rental vacancies on the decline and an uptick in rental rates, the housing industry is starting to see an increase in rental activity and there are several factors that are pushing this trend: According to Moody’s Analytics, “weak income gains, favorable demographics, and the foreclosure crises” are all causing people to choose renting over buying, and demand for rent will remain solid over the next two years.
A survey released by Integra Realty Resources reported 31 percent of respondents said a lack of a down payment was the main reason holding them back from making a purchase, 24 percent said it was the fear of making a bad investment, and 21 percent said the uncertainty of the economy was the main reason.
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