The bottom line in Incline Village is that decent long term rentals are extremely difficult to find at this time. I've never seen so many local Realtor sending out emails searching for client rentals. Prices are up and inventory is minimal.
Ironically, vacation homes sit vacant. Owners should consider renting their little used second homes on a month to month basis to cover costs and boost the inventory.
"The surge in rental prices has eased a bit in recent months, but the forces driving rents higher remain in place, according to a recent analysis by real-estate-market researchers at Trulia.
Simply put: It's gotten harder in the last four years for many renters to buy a house, even though homeownership turns out to be a better deal in many markets around the country.
Over the last four years, while the supply of pricier homes has increased, the number of starter homes on the market dropped by 44 percent, Trulia said in its last quarterly inventory report."
Link to complete article: Rents now top list of fastest-rising prices:
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