According to the latest report from Trulia Trends, an increase in investor-owned properties across the country has led to an overall increase in rental units and, as such, rents have flattened out.
This effect is particularly pronounced with single-family homes. Between 2005 and 2012, the number of renter-occupied single-family homes in the country has increased by nearly 4 million. Between March 2012 and March 2013, single-family home rents rose 0.1 percent. Apartment rents rose by 2.9 percent in the same time period.
Single-family home investors have been particularly active in Los Angeles, Las Vegas and Atlanta, places where the foreclosure crisis was particularly acute.
For more stats and analysis, click here.
A full explanation of Trulia’s methodology can be found here, but in short, the Price and Rent Monitors compare current asking prices and asking rents year-over-year and quarter-over-quarter, adjusting for seasonal swings.
This article originally published at http://dc.urbanturf.com/articles/blog/trulia_investors_sweep_into_market_keeping_rents_stable/6887
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