Freddie Mac released its U.S. Economic and Housing Market Outlook for June showing that rental market activity has been a bright spot for the housing market, and due to rental demand by those postponing homeownership, further increases are expected in the coming year.
Frank Nothaft, Freddie Mac, vice president and chief economist stated, "Further increases in rental demand are likely in the coming year as newly formed households postpone homeownership decisions until the economy strengthens and they have accumulated sufficient savings. Overall apartment market trends may show further vacancy declines and rent gains, with property values improving as well."
Read more...Freddie Mac Sees Increase In Rental Demand - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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