For the 24th consecutive month, rental rates rose according to New York based real estate research firm Reis Inc. 

A soft housing market dampened by stricter loan guidelines has been credited as the chief cause of the increased demand in the rental market.  As a result, homes in the Tri-Valley for rent are getting snatched up quickly…especially if the home falls within a high performing school.  The decrease in home prices and mortgage interest rates, accompanied by the higher rental income rates has brought some investors back into the picture.  This is a great sign of the confidence being put back into our local real estate market.Real estate has always been cyclical and it appears that there we are finally headed in the right direction.  As rental rates continue to increase, first time home buyers will look at purchasing versus renting which will serve as the spark for a real estate market on the rebound.

If you have been thinking about moving up and renting out your current home or purchasing investment property, contact me today at 925-828-4433 to discuss your options.