NARPM has published its 1st quarter vacancy survey for the 2018 year. The rents are still increasing for both multi and single family. The overall vacancy was up just slightly from last quarter, but that is pretty standard for this time of year. FRPM has a current vacancy of .8% which is a record for this time of year. There is still more demand for housing than units available so things are renting up very quickly with minimal turn time. The market remains strong and FRPM predicts that it will stay that way through the summer.
First Rate Property Management Blog
1st Quarter Vacancy Survey
Melissa Sharone - Monday, May 7, 2018