US SINGLE-FAMILY RENTS UP 3.1 PERCENT YEAR OVER YEAR IN DECEMBER

• Rents increased 3 percent for the full year 2018.
• High-end segment rent growth accelerated and low-end segment decelerated in December 2018 compared with December 2017.
• Houston had the slowest annual rent increase of the 20 analyzed areas in December.

U.S. single-family rents increased 3.1 percent year over year in December 2018, up from a 2.9 percent increase in December 2017, according to the CoreLogic Single-Family Rental Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Single-family rents climbed steadily between 2010 and 2018. Annual rent increases have stabilized, fluctuating between 2.7 and 3.2 percent for the past 12 months. Rent increases averaged 3 percent for full year 2018, a pick up from 2.7 percent in 2017.  

MORTGAGE RATE AND PRICE FORECASTS FOR 2019 SUGGEST SLOWER GROWTH FOR “TYPICAL MORTGAGE PAYMENT” THIS YEAR

While the median price paid for a home nationally had risen by just over 5 percent year over year as of last October, the principal-and-interest mortgage payment on that median-priced home had increased by 17 percent, mainly because of the 2018 rate hikes.

US SINGLE-FAMILY RENTS UP 2.9 PERCENT YEAR OVER YEAR IN NOVEMBER

• High-end segment rent growth accelerated and low-end segment decelerated in November 2018 compared with November 2017.
• Seattle rents decreased in November.

NEW DATA FROM THE S&P CORELOGIC CASE-SHILLER INDEX REVEALS REASONS BEHIND SLOWING GROWTH

Home prices in the U.S. grew 5.5 percent in September according to the latest S&P CoreLogic Case-Shiller National Home Price Index. This is the sixth consecutive month of slowing home price growth, which is now at its lowest level since January 2017.

US SINGLE-FAMILY RENTS UP 3.2 PERCENT YEAR OVER YEAR IN SEPTEMBER

• High-end segment rent growth accelerated and low-end segment decelerated in September 2018 compared with September 2017.
• Phoenix had the fastest rent growth in September.

Single-family rents increased 3.2 percent year over year in September 2018, up from a 2.7 percent increase in September 2017, according to the CoreLogic Single-Family Rental Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Single-family rents climbed steadily between 2010 and 2018. The increase in rents has ticked up in recent months, inching above a 3 percent year-over-year increases starting this June.

US SINGLE-FAMILY RENTS UP 3.1 PERCENT YEAR OVER YEAR IN AUGUST

• High-end segment rent growth accelerated and low-end segment decelerated in August 2018 compared with August 2017.
• Orlando and Las Vegas had the fastest rent growth in August.

FRANK NOTHAFT SHARED HIS FORECAST AT EPIQ 2018

While the nation has enjoyed nine straight years of economic growth and is on track to experience the longest expansion in U.S. history, the specter of the housing bubble and recession still lingers. At the EPIQ 2018 session “Economic Outlook & State of the Housing Industry,” CoreLogic Chief Economist Dr. Frank Nothaft revealed his forecast on the possibility of another housing bubble coming in the next few years.

But here’s the deal: It doesn’t have to.

Are you thinking about purchasing an investment property? Maybe you bought a new place and your previous home hasn’t sold yet. These are a few scenarios that can put you in the position to be a first-time landlord.