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IRVINE, CA—The nascent strength of wage growth seen in ATTOM Data Solutions' recent report on the single-family-rental market is a good sign for this market going forward, the firm's SVP Daren Blomquist tells GlobeSt.com. As we recently reported, ATTOM Data Solutions says that the strong fundamentals of the SFR market warrant investments in the sector. We spoke with Blomquist about single-family-rental investment and the advantages it has over flipping.
GlobeSt.com: What incentive is there to invest in single-family rentals in high-priced coastal markets and hot spots like Denver, parts of Dallas, Austin and Nashville?
Blomquist: The incentive to buy in higher-priced markets is that those markets tend to be proven economic powerhouses that are more likely to see long-term solid demand for rentals as well as stronger home-price appreciation. These are less risky markets for investors, but that lower risk comes with a lower rate of return on rentals.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
