This biweekly sponsored column is written by the experts at Gordon James Realty, a local property management firm that specializes in residential real estate, commercial real estate and home owner associations. Please submit any questions in the comments section or via email.
Like many sectors of the economy, the real estate market is subject to seasonal fluctuations in supply and demand. Any Econ 101 class will tell you that, when demand shifts up, supply then increases to equalize towards pareto efficiency. Along these lines, desire for rental properties traditionally experiences a boom in the summer and relative decline in the winter. This trend is particularly pervasive in urban areas (and especially in Washington, D.C.), which makes early spring the ideal time to purchase a rental investment property.