Beautiful Ft Lauderdale Apartment

Here is a great building in ft lauderdale with great apartments in South Florida. 

So if you are in the market for a ft lauderdale apartments, you know where to start looking!

Queens is Booming!

The apartment market in Queens is doing well and for renters that means a tighter queens apartment rentals market and New York apartments

should be seeing slighter higher rent.

New York Apartment Rentals

I'd like to touch on apartment rental market in New York, specifically in Queens.  With the economy on a possible uptick it looks good for the job market in The City.  This is good news for the outer boroughs.  Queens has been a convenient destination for commuters to NYC and so this is good news for owners of Queens apartment rentals.  Occupancy rates for apartments for rent should trends upwards over the next 12 months and rents look to creep upwards in the area.

The New Jersey Apartment Rental Market in 2010

As with all future predictions, the future is unknown.  The best we can do is guesstimate what will be.  The rental market is tied to the real estate market with some caveats.  This is true in New Jersey, Florida and nationwide.

Apartments for rent that are single family houses can have a different trend than apartment complexes, garden apartments or apartment buildings.  If the general trend in real estate is downward which is caused by higher interest rates then the apartment complex owners will be more vulnerable because they need to redo their commercial mortgages and they need to keep the occupancy high.  This can cause a downward trend in the apartment rental prices, due to this financial pressure.

If, on the other hand, the pressure is from abundant real estate this can cause more pressure on single family apartment rentals because less people are looking to rent an apartment.  In New Jersey, so far, the pressure is on the abundance of available real estate.  But what's interesting in today's New Jersey Market (and elsewhere) is the difficulty to get mortgages, even though the rates are very competitive.  This can cause a steep decline in rental rates in New Jersey and beyond.

The Rental Market in the U.S.

In relation to the general real estate market there is a general parasitic relationship between the real estate purchasing and apartment rentals.  When the sales market is strong, and everyone is buying, the general rents that apartments can go for decline.  As sales go down, and less people are buying, then then the rents on apartments go up.

People need a place to live, as such, there are only two options: to buy or to rent.  This is true on a national, regional and local level but the effects are different per region.  As housing grows scarce people will rent more and that will push the rentals to be more expensive.  As housing grows more abundant the prices will trend downward and make purchasing more beneficial than renting an apartment.