Bidding wars erupt for renters as the economy recovers in a hot housing market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Bidding wars erupt for renters as the economy recovers in a hot housing market. DianaOlick reports.

As the economy improves, workers are moving out of shared living situations and looking for their own homes. In addition, the housing market is so expensive right now that many would-be buyers are being priced out. That has them looking for rentals.

Motwani listed a Clinton, Maryland, home two weeks ago and had 20 prospective tenants go through it. He then received 10 applications, far more than normal. Given the stiff competition, renter profiles are now changing as well. Meaning, they have more money and better credit histories. "The one that I really wanted to apply to I was looking at with three or four other people in the tour. Before I got home, I immediately got my information together, applied, and it had already had applications put in," he said.Van Slyke then tried for another one that already had multiple applications and lost out on that one as well.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인