patrick.net

http://ochousingnews.com/blog/single-family-home-rents-will-soon-begin-rise/

With fewer investor purchases of single-family homes, the supply of single-family home rentals diminishes causing rents to rise.

Investor purchases of single-family homes provided demand during a period when owner-occupant demand was weak; when combined with restricted MLS inventory due to increased loan modification efforts, investor purchases helped the housing market bottom in early 2012. One of the big stories of 2014 is the sudden and dramatic decline in investor sales because prices were pushed too high to meet their return requirements. The decrease in investor purchases also means the flood of single-family rental supply abruptly stopped, and as the existing inventory is absorbed this year, the rental market will tighten, and single-family home rents should begin to rise.

Source: http://ochousingnews.com/blog/single-family-home-rents-will-soon-begin-rise/#ixzz35ez94SF5

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