In a recent article that was recently written, The Z report by Zelman & Associates, it talks about the rental market trend and where they see the future of rental income housing. They forecast an increase of market rentals due to the fact that young adults are leaving the rental market and going towards new homes. They say there will be an increase of real estate investment properties almost triple from last year’s growth.  This new demand in rental housing will also drive a market rent that is higher than normal. Those renewing their leases will have the decision of paying rent or buying and moving to the newer homes that are being built.

They predict that over all there will be a steady growth in the availability of urban housing since the younger adults are leaving for single family housing. The housing that is on the market is selling quick, creating a void for the rental market pushing the urban living lifestyle to be more viable. If you are interested in owning or have rentals read this article and decide what the best option is for you. 

Full Article: Urban-Focused Public Apartment REITs Face Further Revenue Deceleration
 

Tyler Brown, Operations Assistant
First Rate Property Management, Inc.
Boise, Idaho
Contact me for more information about the Investment Real Estate and Property Rental markets in Boise and Idaho.