When #realestate is THIS good all across the board, you know you're a lot closer to your goal of home ownership, whether you're in an RTO scenario, or just renting out of an apartment. Vacancy rates play a major role in the health of the real estate economy, but not every city can have that low percentage.
A low percentage means tremendous interest in properties, buyer motivation, and homeowner longevity. People are paying their mortgages, paying their rent-to-own payments. And apparently Grand Rapids, MI, shows that in their astonishing vacancy rate of just 1.8%!
That's among the lowest in the nation, and just to put in contrast for you…. Detroit has the highest (that city's sitting on a vacancy rate of 12.1%).
We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …