With homes sales at record levels in recent years, the rental housing market has been out of the spot light when discussing the housing market. According to David Berson, Vice President and Chief Economist of Fannie Mae, the housing boom created a large shift away from renting toward home ownership. However, homeownership rates have recently slipped due to rising interest rates and other economic factors, which have pushed up rental vacancy rates on properties to all-time highs.The US Census Bureau reports the National Vacancy rate is at 9.6% for all rental units (as of 7/28/06), with the largest vacancy rate of 11.1% in the South. As a result, investment property owners are looking for new methods to rent their property.
Increasingly, private rental & vacation property owners are turning towards the Internet to decrease their vacancy rates. Moreover, they are considering renting to pet owners, who account for 1 out of every 2 renters! Websites such as doghouseproperties.com cater to this niche market by showcasing only pet friendly rentals, and do not charge property owners a fee to post their listing. As a result, many property owners have been able to make capital improvements to their properties with the cost savings from advertising.
To learn more about listing your pet friendly rental property for FREE, visit www.doghouseproperties.com/post.
Pet Friendly | Vacancy Rate | Housing Market | Fannie Mae
Housing Boom | Investment | Vacation | Pet Owners | Dog
Doghouse | Properties | Doghouse Properties
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