original written articlesSeptember 6, 2007 8:40 pm
When bad news comes out of the housing market, skittish potential buyers opt to wait for the market to bottom out. And since they have to live somewhere, these would-be buyers rent.
If you’re looking to rent property–for whatever reason–the best place to try is Atlanta, where rental vacancies are expanding and prices are going up slower than inflation. Not far behind are Denver and Phoenix, where yields and supply problems are giving investors fits, but making life easy for renters.
Much like a buyers’ market in the residential sector, the best renters’ markets occur where supply is abundant, price growth is flat and renters can get the best value for their dollar.
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