Dive Into The Renter’s Market To Make The Most Of Multifamily Property Investments

Property investors and real estate professionals often see the terms “renter’s market” and “buyer’s market” used to describe trends that indicate consumer demand for renting or for buying. Recently, we’ve seen that many major cities meet the definition of a renter’s market due to rising housing costs, younger populations, and high population growth rates as the main factors. As of April 2019, the average single-family home price in the U.S. was just under $227,000, up more than 5% from the same time last year. This is a continuation of substantial growth in the years since housing prices dropped to a low of $148,000 in early 2012. Coupled with rising housing costs, interest rates have slowly but surely trended upward as well. The average monthly mortgage payment also is expected to continue rising, resulting in renting being the more cost-efficient choice for some households. Click to read more at www.forbes.com.