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HouseLogic.com Sweepstakes Underway
HouseLogic.com is launching a new sweepstakes for its readers with a chance to win a $100 Visa gift card. From January 23 through February 19 visitors to HouseLogic will have the opportunity to leave a comment on a featured blog focusing on a do-it-yourself, water-saving bathroom makeover.
Rents on the Rise
Rents are rising across the country. NAR research shows rents have been rising at a progressively stronger rate in recent years and projects they will rise another 3.5 percent in 2012. Vacancy rates have been trending down gradually and currently rest at 5 percent and that percentage is expected to fall even further in 2012 as demands for rent increase. Historically, 5 percent is seen as a “landlord’s market.”
Housing is Critical to Our Recovery
A recent Federal Reserve Board white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, concluded that stabilizing and restoring the health of the housing market is critical to a broader economic recovery.
Commercially Speaking
NAR research shows the commercial real estate market continues to move closer toward recovery. This news comes soon after Realtors® reported seeing more movement in the commercial market during the second half of 2010.