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Single-family renters are now facing significant rent increases.
According to the latest Single-Family Rent Index (SFRI) released by CoreLogic, U.S. single-family rent prices increased 3.2%over the past year.
Low rental home inventory contributes to the growth of single-family rent prices, the analysis noted.
“We’ve seen a slight uptick in rent prices over the past few months as strong employment growth continues,” said Molly Boesel, Principal Economist at CoreLogic.The strength stems from the low-to-middle price tier, which has seen a monthly average growth of 3.2% since January 2018.”
Markets showing rent increases over 6% from the previous year include Phoenix, Las Vegas and Orlando.
This trend is sure to continue, making the SFR market a very good investment.
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.