These days, real estate brokers are dealing with declining home sales and would have their clients believe that there is no better time than the present to buy a home. Prices are down and mortgage rates are at all-time lows.
Unfortunately for the brokers, many clients are not persuaded by that logic. Instead, in increasing numbers, people are choosing to rent their homes — unconvinced that the housing market has yet hit bottom.
Apartments in Roanoke, VA are in a fabulous location and offer amenities that cannot be found in any old home, renting in Roanoke is a great option for many. With renting you also have a broad mix of people making up your community; the young student residents, new families, empty nesters and retirees. For many, homeownership in no longer on their wish list.
Nationally, vacancy rates for apartments are projected to drop to 4.6 this year, down from 5% currently. If you are interested in the new trend of renting, and are moving to or within Roanoke, contact Honeywood Apartments.