The single-family rental market is still seeing strong demand despite economic challenges due to changing demographics and the effects of the COVID-19 pandemic.
That's according to panelists at IMN's Single Family Rent Forum (East) in Miami Beach on Monday, who said multiple conflicting dynamics in the market are beginning to put pressure on one another. Those dynamics include the undersupply of homes, rising interest rates, demographic shifts, and spiking home prices and rent.
Trey Cummings, CEO of CS Equities, anticipates rents will increase because obtaining entry-level homes is hard for families, which creates great demand for rentals.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
