What is Causing the Rental Property Shortage?

Reprint from Elk River Star News & Anoka County Shopper, "Real Estate News by Stephanie Danielson" - 5/28/16 issue.

You don't have to be a recent college graduate to know that it is getting more and more difficult to locate a nice, affordable rental property.  Despite the rebounding housing market, the national rate of homeownership continues to decline to just 63.5%, which is very near a 48 year low.  This drop in homeownership rates means an exceptionally strong demand for rental housing!

This trend is projected to continue for quite some time due to factors such as; rising home prices, student loan debt, delays in marriage and childbearing and uncertainty about buying a home as an investment.

While this scenario makes it tough to be a tenant - this is a GREAT time to be a landlord!   Acuity Group’s Property Management Department has a waiting list of qualified renters.

When offering a new property for rent, we are securing a qualified tenant within 5 business days or less!

Click HERE to learn more about Acuity Group’s Property Management & Tenant Placement Services 

 “If you are thinking of buying, selling, renting your home, or leasing real estate this year we’d love to hear from you!  Working with experienced professionals can boost your profits!”

Acuity Group Real Estate Professionals

564 Dodge Ave Suite A - Elk River MN 55330

Office:  763-633-3535

www.ACGProperty.com

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OUR SPECIALTIES:   Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals,  Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales.  Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.

Serving the following Minneapolis Cities & Suburbs: Elk River MN, Zimmerman MN, Big Lake MN, Rogers MN, Otsego MN, St. Michael MN, Albertville MN, Princeton MN, Ramsey MN, Anoka MN, Nowthen MN, Monticello MN, Oak Grove MN, Burns Township MN, Champlin MN, Dayton MN, Hassen Township MN, Coon Rapids MN, Blaine MN, Fridley MN, St. Francis MN, Livonia Township, Andover MN, Becker MN, Baldwin Township, Orrock Township, Plymouth MN, Maple Grove MN, Osseo MN.

Serving the following Minnesota Counties:  Sherburne, Anoka, Wright, Hennepin and portions of Isanti County

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