Sweet Valley Move-In Deals

February 27, 2009 11:13:10 PM PST
The Valley rental market is taking a big hit because of our struggling economy. There are more apartments available these days then there are renters.Jennifer Costa is showing off the bedroom she's renting out in her two bedroom Northwest Fresno apartment. Right now, it belongs to her eight-month old son Keegan. Costa posted the room on craigslist. According to the website, roommate postings nationally have increased by 70-percent since January of last year.

Adam Goldfarb manages apartment complexes throughout the Valley. He says the Valley's vacancy rate has gone up by about four percent since last year.

The economy has forced the rental market to become more like the retail market. They're offering people incentives to move in and if you already live in the apartment, they'll give you money to convince your friends to come along.

Some places are even offering free TV's. While experts say incentives are keeping the rental market from drowning ? people like Jennifer Costa say it doesn't do much to help keep her afloat.

-----------------------------------------------------------------------------------------------


abc30 News Links:
Links to other news sections on our website.

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.


Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.


-----------------------------------------------------------------------------------------------

Load Comments