2015 and 2016 Expected to Boast a ‘Landlord’s Market’

for rent

With the vacancy rate of rental properties expected to remain around 4 percent over the next two years, 2015 and 2016 are predicted to hold steadily onto the title of “landlord’s market.”

Whereas the current vacancy rate is at 4 percent (as of the end of the third quarter of 2014), that number is expected to rise just slightly to 4.3 percent by the end of 2015, according to the National Association of Realtors.

The NAR is also forecasting a rent growth of 3.9 percent in 2015 and another 3.5 percent in 2016.

Image via flickr/Charleston’s TheDigitel

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