Real estate is local and our Northern Virginia rental market is very resilient. We are lucky to have the government and many large companies here that keep our economy strong. Our market, however, is very transient so rentals are consistently in demand. There are many tenants who can easily qualify to purchase a home but for many reasons, choose not to do so. They may only be here in Northern Virginia for a year or two or they want the flexibility to leave if they want and don’t want the complication of buying a home.
That said, it’s still important to see what’s happening nationally on the rental market trend. Check out this article from Inman News about rental market predictions for 2016.
