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Week 1 Supply and Demand 2 - interest rates However supply...

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Demand for rental properties is said to be increasing due to the number of people who are losing their jobs and having to foreclose on their homes. An article I found explains that even people who currently rent have to turn to the government for help, due to their rent being too high. The example is the areas around Washington DC. The demand for lower cost rentals is too high for the amount of vacancies, so the price of rent is rising. Some of the factors that relate to the changes in demand for rental properties are affordance and
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Unformatted text preview: interest rates. However, supply and demand play a large part in the rental market. If there are too many houses for rent and not enough people who demand the rental properties, rental prices will decrease and vice versa. Sources: http://www.rentright.co.uk/120_rt.aspx http://www.washingtonpost.com/wp-dyn/content/article/2009/03/09/AR2009030902739.html...
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