The Mesquite Nevada Real Estate Blog

Mesquite NV Real Estate - Short Sales and Foreclosures are affecting the Rental Market

The Mesquite NV Rental Real Estate Market seems to be picking up - At the end of last year, rentals were sitting vacant for months at a time.  Now townhomes and single family rentals are getting a little harder to find and the prices have been going up.  As more homeowners have lost homes to foreclosure or short sale, there are more people who will be renting for a few years, while they rebuild their credit and save for a down payment.

Even though there are quite a few people who have chosen to take their home off the market and place it into the rental market, this does not seem to be affecting the rental availability in Mesquite.  This may change as more home owners are unable to sell their home at their desired or needed price and put the home up for rent.

Currently there are many condos for rent - townhomes with a garage and single family homes are not as plentiful.

Falcon Glenn Golfcourse Community Ence Homes Mesquite NV

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                                 Mesquite Nevada Real Estate Agent  ~ ~  ERA

Mesquite NV Real Estate Agent - Virginia HeppVirginia Hepp ~ Mesquite Realtor
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Comments

Virginia, I think the phenomena you describe may be happening in lots of markets and it may be a healthy sign as the market adjusts and shifts to the new reality.

Posted by Lloyd Binen Silicon Valley R since 1976;408-565-8177 (Certified Realty Services) about 1 year ago

Lloyd - I think it is a really good sign.

Posted by Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative (ERA - Mesquite NV Homes For Sale) about 1 year ago

yes they look so nice but Foreclosures are such tough on to stomach.

Posted by Paul Gapski, 619-504-8999,#1 Resource SD Relo (Prudential Ca Realty) 6 months ago

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