Thursday, April 4, 2013

Higher inventory causes rental rates to fall flat via HousingWire

Nearly four million single-family homes entered the rental market over the course of the past eight years.

This strong inventory of rental homes has finally caught up with the increased demand for rentals during the housing crisis, causing single-family home rents to flatten nationwide, according to data from Trulia.

Nationally, rents for single-family homes were flat, rising only 0.1% year-over-year. In Las Vegas, Orange County, Los Angeles, Atlanta and Phoenix — where investors have actively bought and rented out single-family homes — rents are either flat or continuing to fall.

Read more...Higher inventory causes rental rates to fall flat | HousingWire

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