Just Like Apartments, Single-Family Rentals Going Strong
The Wall Street Journal reports that the business of
investing in portfolios of distressed single-family homes has come to the point
in its current cycle that investors who got into the game early are beginning
to cash out. Read More.
investing in portfolios of distressed single-family homes has come to the point
in its current cycle that investors who got into the game early are beginning
to cash out. Read More.
Some profit-taking in this area makes sense in light of the
fact that the Census Bureau has just reported that 1.07 million new householdswere created during the year ending September, 2012. For 2008-2011 new household formation was
averaging 650,000. The 1.15 million is
nearly back to the 1.25 million average households forming before the Great Recession.
fact that the Census Bureau has just reported that 1.07 million new householdswere created during the year ending September, 2012. For 2008-2011 new household formation was
averaging 650,000. The 1.15 million is
nearly back to the 1.25 million average households forming before the Great Recession.
Single-family rental housing is the subject of a brief in
the latest edition of Units magazine.
Simply stated: demand is outstripping supply.
Families who have lost their homes to foreclosure are generally unable
to qualify for new mortgages, so they seek out single family rentals and demand
has increased by more than 2 percent in some markets.
the latest edition of Units magazine.
Simply stated: demand is outstripping supply.
Families who have lost their homes to foreclosure are generally unable
to qualify for new mortgages, so they seek out single family rentals and demand
has increased by more than 2 percent in some markets.
According to CoreLogic, Inc., without additional single
family rentals coming to market, the entire supply of for-lease houses
available in August would have been gone in about 2.6 months, that compares to a
3.2 month supply a year earlier.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com