While some consumers might question the safety of investing in real estate, purchasing rental property is traditionally a fortuitous opportunity and long-term investment for buyers and property owners. And, for those willing to take the plunge, there are several highly sought-after markets throughout the country that may offer strong and sound real estate investments—either through a traditional home purchase or buying a rental property.
- National rent growth decelerated in June 2017 compared with June 2016
- Low-end rent growth more than doubled high-end rent growth
- Orlando had the highest year-over-year rent growth in Q2
A Step-by-Step Guide to Finding a Great Tenant
Whether you have purchased your first rental property or are a seasoned investor, you should know that the most important part of the entire process is screening potential tenants. Because your tenant will occupy one of the largest investments you could ever make, you’ll want to ensure that he or she will not only meet their financial obligations, but also take good care of your property.
—Enhanced website assists in identifying optimal tenants—
Single-family Rent Growth Faster in Markets with Low Vacancies: One-percentage point lower vacancy rate leads to 0.5% faster rent growth
Rent growth varies across neighborhoods and over time. For this reason, rent-growth expectations are important not just for families who are deciding whether to rent or own their home, but also for investors who are trying to forecast net revenue on their housing investment.
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LENDING, SERVICING, INVESTMENTS, REAL ESTATE
CoreLogic has developed the country's largest proprietary public records database, and the largest databases for fraud and mortgage securities and servicing.
Rent Growth for Lower-Priced Rental Homes Stayed Strong
Last July CoreLogic reported that, nationally, rent growth on single-family homes had begun to moderate in 2016 based on the CoreLogic Single-Family Rental Index (SFRI). Now that it is six months later, has that trend continued?
Education Still Makes a Difference
As college costs have skyrocketed, students and their families have taken on debt to make up the difference. Many studies have pointed out that the increasing student debt has created a financial burden on millennials and postponed their homebuying decisions.
A Closer Look from Rental Property Solution Data
- 60 percent of rental housing applicants from 2011 to 2015 were millennials
- 48 percent of millennial rental applicants had student loan debts in 2015
- Average student loan balance of millennial rental applicants reached $31,900 in 2015