Newest Hope in Real Estate: Rentals

Click for Full Story

By Jennifer Hiller
With foreclosures overhanging the home sales market, weak jobs numbers and looming changes that likely will make getting a mortgage more difficult, many economists and real estate industry leaders are pointing to rentals as real estate’s latest boom market.”The stage is being set for very strong rent increases,” said Stan Humphries, chief economist of Zillow, who spoke to members of the National Association of Real Estate Editors, which is meeting through today at the Menger Hotel.Humphries said 1.2 million to 2.2 million people still are transitioning out of homeownership and into the rental market, many after going through foreclosure.With home prices continuing to fall and foreclosures not yet hitting their peak, more people are moving into apartments, Humphries said.Greg Willett, vice president of research and analysis for the Carrollton-based MPF Research, said there’s only one place in the country, Las Vegas, that isn’t seeing increased demand for multifamily properties. Everywhere else is headed for higher occupancy levels and higher rents.

Advertisements

About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
This entry was posted in Miami Beach Condos, Miami Real Estate, Real Estate. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s