San Jose and Las Vegas home to 27% year-over-year growth in investor purchases
Tagged: Rental Markets
A lack of buyer affordability has more Americans supporting rental demand as investor sentiment grows.
Despite subdued investor activity, rising sentiment presages a broader return to the market as it softens.
Year-over-year growth slowed for all market segments except higher-priced rental properties.
Attached single-family rentals experienced their first price decline in 14 years, dropping 0.6% in March.
Do investors see profit potential in the current market?
DBRS Morningstar anticipates lending volumes will be lower and credit performance will begin to slip.
Apartment List's National Rent Report recorded a 0.7% decline for October.
A panel of 107 housing market experts and economists predicted rent growth and inflation to outpace home appreciation.
Demand has not yet subsided across much of the country.