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Low-End Rentals Still Drive National SFR Growth


According to the latest CoreLogic Single-Family Rent Index, single-family rents are still rising but the pace continues to slow.

The index analyzes rent price changes nationally and among 20 metro areas. The new data indicates that low-end rentals – those properties with rent prices less than 75% of the regional median – gained 3.6% year-over-year, down from 3.8% a year earlier.

“Increases in single-family rent across the country are fueled by increases in the number of renter households,” said Molly Boesel, principal economist at CoreLogic. “While the number of households grew overall in the United States through June, the growth was higher for renter households than for owner households.”

Due to low unemployment, Phoenix, AZ, remained the metro area with the highest annual rent growth rate; Miami was the lowest.

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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