Soft rental market in many areas
The flurry of the real estate boom has created a large pool of investor owned rental properties in many markets. With potential renters, choosing to buy, investor owners are often reducing rents to attract tenants.
The rental market provides balance to the overall housing market and can act as a correction mechanism if housing prices get out of control by luring potential buyers back into a rental scenario.
Latest fad in housing: Buy, then rent [Christian Science Monitor]