How COVID-19 is Impacting the Rental Market
Read How COVID-19 is Impacting the Rental Market.
"Our newest TurboTenant report will give insights on how the rental market is starting to react to the COVID-19 pandemic," said Sarnen Steinbarth, TurboTenant Founder and Chief Executive Officer. "With the peak rental season approaching, we want landlords to be prepared and informed about the trends nationwide and in their own cities."
TurboTenant's new trend report analyzed 18 cities and four key rental market indicators: total active listings, change in number of active listings, total renter leads and the average number of renter leads per property. While the full effects of the coronavirus on the housing market are still unknown, delisting and new home listings steeply declined in March. TurboTenant's report found while some markets reflected those trends, others had strong markets.
TurboTenant Report Highlights
"It is imperative to monitor rental trends during the coronavirus pandemic," Steinbarth said. "This report along with our past and future trend reports, will help educate not only landlords, but also property investors, businesses and the public."
Custom data and analysis requests are welcome, please contact press@turbotenant.com.
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