6 Bed 6 Bath on 1 acre lot
Courtesy of Douglas Elliman
Beautiful 2 bedroom apartment, comes with its own private, fenced large backyard. Hardwood Floors throughout, Eat-in-Kitchen, Large Bedrooms with tons of closets, Couple of blocks from Main Street, Buses, Subway, Schools, Places of Worship, Shopping, Allows small pets and asking only 10% down and low maintenance ! No Flip Tax! So many features at a steal!
This Month In Real Estate
With the economy the way it is, more Americans are downsizing, all of which point in a single direction: rents are on the rise.
Today the number of homeownership has plummeted to fewer than 67 percent, that’s roughly 3 million households that are now tenant-occupied!
In the first quarter of 2011, rental vacancy rates had dropped to 6.2 percent, according to Reis. That, of course, means that rents are on the rise. The nationwide average rental amount rose from $967 in early 2010 to $991 in 2011?
The bottom line is, it is going to get very expensive to rent in the next few years, which hopefully will fuel demand for homeownership and swing the pendulum back the other way, fingers crossed.