CoreLogic says rent growth across all tiers remains at record highs, with high-end rentals leading the charge. In addition their latest Single-Family Rent Index (SFRI) also says strong demand & labor market are fueling single-family rent price increases. Their data shows data shows national rents increased 10.2% year over year. On year ago that number was 2.6%. CoreLogic predicts a continued increase in rents especially across high-end rentals as renters seek more space. Indeed…
“Consumers continue to feel the push and pull between the purchase and rental markets. While desire for home ownership remains high…the competitive purchase market conditions are creating a large wave of demand for single-family rentals that offer more financial flexibility.”
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