It's no surprise the rental market is hot, Americans have been living in rental properties for a long time and that number soared to 37% since 1965. Industry experts say the current economic climate has created a perfect storm for the single-family rental market’s success. Student debt, a tight job market, and the inability to save for a down payment have kept a number of potential home buyers out of the market.
ATTOM Data recently released an article that raised the question, "Is Renting or Buying the future of the housing market?" Neither renting nor owning is the future of the housing market, but “some combination of both,” according to Hefets. “In most single-family rental businesses the landlord is seen as an adversary. We want to be seen as a partner with the renter.”
A recent study conducted by ATTOM Data reported that from 755 counties in the US, Maricopa County, the median price for a home last year from January to November was $275,000. The average rent for a three-bedroom home was $1,319. ATTOM's analysis comes shortly after a report late last year finding that Phoenix has the second-fastest growing rental rates in the nation.
Townhouse construction is outperforming other building sectors, a new analysis from the National Association of Home Builders finds. In the third quarter of this year, townhouses accounted for 33,000 residential construction starts compared to 27,000 in the second quarter of 2017. Construction of townhomes is now 24 percent higher than the prior four quarters.
Phoenix is among the top five markets where rent growth increased during the month of October (2018). As of October, national rent growth was at its strongest point in two years. Originally posted by RealPage. After changing gears recently, the nation’s previously slowing price positioning is now bearing gently northward. According to monthly data released… Continue reading US Rent Growth Continues Upward in October by RealPage featured by SVN | SFRhub Advisors
Just as single-family rental investments are a good source of income, these properties can bring forth problems. Below, Forbes explains the six most common pitfalls and how to avoid them. Continue reading below to learn more. Originally posted by Forbes. Single-family rental properties can deliver a positive cash flow, build wealth and generate an excellent… Continue reading Investing In Single-Family Rentals: Six Pitfalls And How To Avoid Them by Forbes Real Estate Council featured by SVN | SFRhub Advisors
Single-family rental owners are selling off big chunks of their portfolios at the highest level in more than a decade, according to data from one research firm.
Did you know single-family rentals account for about 15% of the real estate market? Not only is it already a large player in the market, but it is growing quickly and has been estimated to grow up to 35% in the next ten years. Keep reading to learn more about this phenomenon.
With the fear of a financial crisis, like the one in 2008, no longer a constant, young Americans are now saying buying a home was an excellent investment. What do you think of this new change? Do you think it will last long? How do you think this will impact commercial real estate? Let us know below!
Thinking about investing in single-family rentals? Well, here are a few pointers outlined by Sarah Park on how she picked her investment property. Number five is incredibly true and a huge factor.