Sunday, February 13, 2011

Robust rental market on the horizon?

Prospecting for new landlord clients today, I was surprised by the lack of FOR RENT signs on the two & three flats in North Center and Roscoe Village in Chicago. Usually this is a great time to prospect for new rentals because landlords are much more motivated to work with agents to get their places rented.

Perhaps the premise behind this article has something to do with it.

It is looking more and more like the rental market is starting to see a turnaround. I think that is good news for landlords throughout Chicago. This should also inspire those prospective buyers to consider purchasing. With the availability of bargain priced properties and historic low mortgage rates, now is the time.

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