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Reply to "Rents going up in NOVA"
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[quote=Anonymous][quote=Anonymous]I think its the time of year more than anything. Peak demand is always May-Aug. [/quote] Yes, people with school aged kids are looking now. But there are also additional factors like chaos in DC workplace that pushed some people to put their houses on the market in anticipation of future layoffs and RE prices going down. People wanting to cash out of their homes could have contributed to increased rental demand IMHO. Although comparison should be made to last year rental market before drawing any conclusions. RE taxes also went up, which definitely would result in LLs trying to recoup this by raising rents. [/quote]
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