Students Soak Up Summer Vacancies

According to UC Merced, there are approximately 1,450 more students starting this fall semester as compared to last fall semester. UC Merced also indicated that the dorms are filled and there are over 400 additional students on the waiting list. More than likely these students will have to find housing in the community. The overall effect will be absorption of units, thus decreasing the vacancies in the area. As the vacancy factor decreases, rental rates will continue to stabilize and will increase. Investors should definitely take note and continue to invest in both single family and multi-family residences.

Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, Rentals

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