With low interest rates, an abundant inventory of homes for sale, and great prices, more and more North Texans are buying homes – as rental properties.
NBC DFW recently aired a story on this topic, which featured an interview with Claire Krieger, an Ebby Associate from the Ebby’s Little White House office. She told reporter Julie Tam that homes for lease are not staying on the market long, often leasing within weeks or even days. She also pointed out that the hottest areas for sales and leases right now are the Park Cities, Oak Lawn and North Dallas.
And according to NTREIS, the inventory of homes for lease is up 6% and the average rent is up 4% at $1,507 per month.
You can see the full video from NBC DFW below:
View more videos at: http://nbcdfw.com.