The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059
Call: 888-621-8872 (804) 364-3649 Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

The Gardens at Twin Hickory Blog

It is a Renter's Market not a Buyers Market

Joseph Coupal - Monday, September 12, 2011

These days, real estate brokers are dealing with declining home sales and would have their clients believe that there is no better time than the present to buy a home. Prices are down and mortgage rates are at all-time lows.

Unfortunately for the brokers, many clients are not persuaded by that logic. Instead, in increasing numbers, they are choosing to rent — unconvinced that the housing market has yet hit bottom.

With apartments in Glen Allen, VA in fabulous locations and offering amenities that can’t be found in homes, renting is a great option for many. There is also a broad mix of tenants: fewer young transient residents and more families and empty-nesters that no longer have homeownership on their wish list.

Nationally, vacancy rates for apartments are projected to drop to 4.6 this year, down from 5% currently. “Anything below 5% is a landlord’s market,” said Walter Molony, a spokesman for the National Association of Realtors.

 

Original article NY Times


The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059

Call: 888-621-8872
Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$1,049-$1,481