Today's volatile housing market features lower than typical transaction volume, mortgage rates that are 300 basis points higher than one year ago, prices that have slowly begun to slide lower, and limited inventory of available homes.
A recent report from Northmarq suggests that these factors are restricting consumers' ability to transition from renting to owning, which in turn, is supporting demand for single-family rentals.
After all, single-family built-to-rent communities compete with for-sale housing as much as they do with traditional apartments.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
