Posted October 24, 2011 by RentJungle
Although current financial news may not always present the most pleasant outlook, the big picture on the economy is more encouraging – even as to the housing market. Over the course of the recent recession housing prices fell along with rents nationwide. Many young adults found themselves moving back home to stave off the high housing costs. However, today many of these people are finding jobs and now have the opportunity to move out. This increasing trend is steadily sending the high vacancy rates back down toward pre-recession levels, with the consequent effect of increasing rental rates.