Carbon Credits pays for Residential Green Energy System INstalls

<h3 class="post-title entry-title"> <span class="general_text"><a href="http://wwwyourpropertypath.blogspot.com/2009/08/apartment-vacancy-rate-hits-two-decade.html"><br /></a></span> </h3> <p> <span class="general_text"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_N17Ne7uVoXU/SoMNfMVBg5I/AAAAAAAAAzY/PS9q7tL10X8/s1600-h/hg.gif"><img border="0" style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 300px; height: 219px;" src="http://3.bp.blogspot.com/_N17Ne7uVoXU/SoMNfMVBg5I/AAAAAAAAAzY/PS9q7tL10X8/s320/hg.gif" alt="" id="BLOGGER_PHOTO_ID_5369150010292274066" name="BLOGGER_PHOTO_ID_5369150010292274066" /></a><br /></span> </p> <div style="text-align: left;"> <span class="general_text">The economys decline leveled off significantly from April through June, confirming that the worst is behind us. GDP declined at an annualized rate of 1% in the second quarter, after shrinking an amazing 6.4 % earlier this year.<br /> <br /> But consumer spending, 70% of economic activity, continues to fall as Americans continue to save and reduce debt. Economists express concern that our basic spending habits have been permanently altered by this great recession. This is also having an effect on rentals as renters downsize or insist on rent reductions.</span> </div> <p> <span class="general_text">With this as a backdrop we looked at rental rates which a are a prime factor in evaluating a property. We clearly have a long way to go. The Dept of Commerce chart indicates we are at a fragile beginning of a recovery. The key to successful property ownership now will be to keep it occupied and ride this out.</span> </p> <p> <span class="general_text"><span style="font-weight: bold;">Apartments.com Study</span></span> </p> <p> <span style="font-style: italic;">Rent reductions at a 22 year high</span> </p> <p> In the second quarter the vacancy rate of 7.6% was an increase of 1.5% YOY. Landlords have been facing rising opposition to rent rates agreed to during the boom years. Tenants everywhere are asking for and getting rent reductions. Rents are in decline in every market nationwide in the current quarter with three with marginal exceptions, Tampa, Kansas City and San Antonio. </p> <p> According to an <a onclick="javascript:pageTracker._trackPageview(&#39;/outgoing/www.apartments.com&#39;);" title="Apartments.com" href="http://www.apartments.com/" target="_blank">Apartments.com</a> study: For the first time in six years, rents are down nationwide and vacancies are up. </p> <ol> <li>Adding to this market pressure is competition felt from the shadow market or a surge of investor owned homes and condos that account for almost half of the rental stock, expanding the national rental supply. </li> <li>Despite these recent obstacles, a national Apartments.com survey found that an overwhelming majority of renters are still looking for a new place to live this year and more than half are planning to pay the same or more in rent. (via Reuters) </li> </ol> <p> There is further discussion on some tactics to reduce days on market for rentals <a href="http://yourpropertypath.com/artman2/publish/Current_Market_Conditions/Apartment_Vacancy_Rate_Hits_Two-Decade_Record.shtml">here</a> </p> <p> Thanks for Reading </p> <p> <a href="http://www.yourpropertypath.com">www.yourpropertypath.com</a> </p> <p> A web site of over 450 articles on everything real estate </p>