CoreLogic Economic Outlook: June 2019
Multifamily property sales totaled about $100 billion in 2018, the largest annual volume recorded, and apartment prices reached new highs last year. Rent is expected to rise about 3% in 2019 with cap rates close to last year’s level, supporting further gains in property values.
FOR BUYERS, LOWER MORTGAGE RATES SINCE THE HOUSING BUST SOFTENED THE BLOW OF RISING HOME PRICES
As home prices soared in recent years, homebuyers’ struggles with worsening affordability understandably garnered a lot of attention.
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.