Crunch time has come. The students are coming, the savvy couples are taking days off of work and going out to view during the day. People are starting to contact me for properties to move in July. My sales open house was the busiest one was in the last month. The hot topic was the Bear Stearns fallout, but one offer has come in already in less than 24 hours.
If this is not the busy season, then I don't know what is. What is important to you this year? A good rate for a rental? You missed the boat there as the landlords will start raising the rents in April. A space that is adequate for the next two years while you figure out if you are going to purchase or not? That makes sense, but the longer you wait, the pricier things get in this city.
The effect of Bear Stearns will only be felt by the new employees who now may loose their jobs or not have as much bonus if they are around still by Christmas. The college gradutates who thought that they had a new job this summer will feel it as well. There are more people than there are apartments to rent each year around this time. I'd advise you to make a choice now rather than later as it will cost you more.
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