Vacancy Rates in Boise, ID:
First Rate Property Management Inc. (FRPM) reported overall vacancy at 2.7% this week. This compares to 4.2% last year at this time and 5.9% in 2009. The low overall vacancy rate for First Rate Property Management is comparable to the overall numbers reported by Boise proptey managers. See link below:
What's Good for Rentals & Not so Good for Home Ownership:
Below is an article regarding housing market conditions according to the latest Housing Market Insights report from Morgan Stanley:
Political deadlocks mixed with terrible housing market conditions will eventually turn America into a society of renters. High rates of mortgage delinquency, foreclosures and liquidations are turning homeowners into renters, analysts at the investment banking giant said, lowering homeownership rates and increasing demand for rentals. And it appears even federal institutions are giving up on implicitly supporting what used to be the cornerstone of the ideal American life.
In the Treasury Department white paper on reforming the government-sponsored enterprises, a suggested change to housing policy was put forward: "The administration believes that we must continue to take the necessary steps to ensure that Americans have access to an adequate range of affordable housing options. This does not mean our goal is for all Americans to be homeowners."
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