
During the housing bubble from 2001-2006, the vacancy for rental properties went up from about 8% to 10% as people chose buying over renting. With the large number of foreclosures and tight credit markets, more people are wisely renting homes instead of buying. Once the inflated home values drop to their intrinsic prices, I expect people to start buying homes again. Of course, the economy and job market would have to be healthy and credit would have to be available
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