Report Claims Home Ownership On the Upswing, SFR Down

Despite recent news of a sluggish housing market, a report from the National Association of Real Estate Investment Trusts (Nareit), claims that homeownership is actually on the rise; and that by mid-2018, homeownership had nearly returned to the average rate experienced during the period from 1980 through 2000.

This recovery in housing markets however, comes not at the expense of apartment rentals, but rather, at the expense of single-family home rentals (SFR).

The SFR market grew quickly as millions of American households which fell into financial distress during the “Great Recession” a decade ago were unable to afford homeownership. All that has changed in recent years -- the number of SFR fell by more than 300,000 last year.

However, the report concludes that the decline in the overall number of SFR does not represent sales by REITs. “There is solid demand for the professional management of home rentals that REITs provide, and they are likely to maintain or even expand their holdings.”

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.