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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Most people worldwide see another 2 years before the economy recovers from the pandemic, survey saysBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Would YOU Eat A Hot Cheetos Ice Cream Cone?Marble Slab Creamery and Frito Lay have teamed up to deliver a limited edition Cheetos Flamin' Hot Ice Cream and Flamin' Hot Shake.
Consulte Mais informação »
Surprise bidding war engulfs UK engineerWhat did UK investors miss about Meggitt (MGGT.L)? The British engineer, which makes brakes for military and civilian aircraft, has gone from a stock market Plain Jane to Belle of the Ball beset by multiple suitors. The latest interest, from $34 billion U.S. defence player TransDigm(TDG.N), values Meggitt’s equity at $9.7 billion . The 92% premium to the undisturbed share price at the end of July represents a startling difference of opinion over Meggitt’s value between its current and prospective owners.
Consulte Mais informação »
The New Cheetos Mexican Street Corn Will Give You a Combination of Citrus and SpiceMexican Street Corn > Flamin’ Hot?
Consulte Mais informação »
The Soundtrack for Our Strange SummerAnd how BTS ruled the Hot 100 for nine straight weeks.
Consulte Mais informação »
‘One hell of a fight,’ all night: Senate vote-a-rama jump-starts $3.5T planSenate Democrats kicked off the marathon known as 'vote-a-rama' today to deliver their next filibuster-proof ticket to passing major legislation against the will of their GOP colleagues
Consulte Mais informação »