The average default risk score for single-family rental homes declined by almost 16% from 43.6 to 36.7 in the nation's 100 largest counties based on property count in six months, according to RealtyTrac Rental Property Risk Report.
The RealtyTrac Rental Property Risk Report gauges the relative default risk of single-family rental homes using a scale of 1-100.
In addition, the ratio of counties at above-average default risk also declined. But half of all counties remained at elevated risk levels, with 45% having an above-average DRS. Six months ago, that percentage was 53%.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
