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High Home Prices are Making America a Renter Nation


Home sweet home? Not so much anymore.

According to a new report from ATTOM Data Solution, more and more Americans are being priced out of the homebuying market and opting to rent instead. The report reveals that renting a three-bedroom property is more affordable than buying a median-priced home in 59 percent of US counties analyzed.

Renting a home is more affordable than buying one in the nation’s 18 most populated counties and in 37 of 40 counties with a population of 1 million or more. These areas include Los Angeles County, CA; Cook County in Chicago and Harris County in Houston.

Home prices have been appreciating at an average rate of 6.7% while rental rates have increased by a mere 3.5%. In 80% of the counties studied, home prices are growing faster than wages.

Needless to say, now’s a great time to invest in the single-family rental market.

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.

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