If you're looking for an apartment or rental home in Amarillo, you may have a hard time. Apartment vacancies are down across the nation, as well as here in the panhandle. That is making it much harder for renters to find a place to call home.
Meanwhile, the amount landlords are charging for rent is increasing. Nationwide, rent has increased 1.3% over the last year according to Reis, a company that tracks real estate performance.
"The qualifying criteria for making a purchase with a mortgage is so stringent, that it's pushed many very qualified, very good otherwise homeowners into the rental market," Cindi Bulla, Chairman of the Amarillo Association of Realtors. It's because of this, that Bulla says more people are forced to enter the rental market.
Although someone might have qualified for mortgage loans two years ago, they are most likely not meeting the criteria now.
The demand of rentals is still exceeding the supply, even though there are far more rentals in the market than ever before.
Friday, May 24 2013 12:12 PM EDT2013-05-24 16:12:27 GMT
OKLAHOMA CITY (AP) - The Oklahoma Senate has approved a bill to provide various tax breaks to property and vehicle owners who suffered losses in Monday's tornado that tore through Moore and left 24
The Oklahoma Senate has approved a bill to provide various tax breaks to property and vehicle owners who suffered losses in Monday's tornado that tore through Moore and left 24 people dead.
Friday, May 24 2013 10:00 AM EDT2013-05-24 14:00:54 GMT
OKLAHOMA CITY Okla_ AAA Oklahoma will be offering Tipsy Tow over the extended Memorial Day holiday period. The service is free and open to the public. A tow for your car and a ride home for you are available
AAA Oklahoma will be offering Tipsy Tow over the extended Memorial Day holiday period. The service is free and open to the public.
Friday, May 24 2013 9:07 AM EDT2013-05-24 13:07:47 GMT
Wichita Falls, TX- One person is dead and two others are recovering following a rollover crash in Texoma. It happened in Wichita Falls around 11 p.m. Thursday on Loop 11. Police are still investigating
One person is dead and two others are recovering following a rollover crash in Texoma.
Friday, May 24 2013 9:03 AM EDT2013-05-24 13:03:16 GMT
Anadarko- A former California man is facing a murder charge in Caddo County after another man was found dead. Investigators say they found 34-year-old David Roberts' body inside a vehicle about five-miles
A former California man is facing a murder charge in Caddo County after another man was found dead.
Friday, May 24 2013 8:14 AM EDT2013-05-24 12:14:47 GMT
OKLAHOMA CITY (AP) _ Oklahoma lawmakers are hoping to adjourn the 2013 Legislature one week earlier than required. Lawmakers hope to wrap up their work for the year on Friday. The Legislature is constitutionally
Oklahoma lawmakers are hoping to adjourn the 2013 Legislature one week earlier than required.
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After over a century of being banned, gay youth are now allowed to be a part of the Boy Scouts. But gay adult leaders and parents are still not permitted to participate.
After over a century of being banned, gay youth are now allowed to be a part of the Boy Scouts. But gay adult leaders and parents are still not permitted to participate.
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