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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country. While, in a balanced market, rental vacancy rates should fall between 7 and 8 percent, only one U.S. census region, the South, achieved target levels on average in its metro areas as of 2021. [15]
The rental vacancy rate is an economic indicator which measures the percentage of rental homes or commercial spaces that are vacant.
“As interest rates have really elevated and home values have increased over the few years, we have seen investments slow for short-term rentals in 2023 and 2024,” said Lane.
The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned… NBC Universal 2 ...
NAR existing-home-sales data showed a 4.2-month housing supply level as of August 2024, which is much healthier than the record low of 1.6 months but still continues to favor sellers.
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