Real estate investment management firm HomeUnion recently released their 2017 National Single-Family Rental Research (SFR) Report which says that 2017 will be a good year with an “unprecedented demand” for single-family rentals. Their comprehensive study ranks 31 metro areas based on market conditions, rental demand, prices, and other criteria. Most interesting, they’ve identified metros by an Opportunity Ranking that provides a strong balance of supply& demand fundamentals while offering favorable entry prices and limited threats.
“The outlook remains positive for 2017…supply and demand for rental properties nationwide will result in another solid year for investors. The economic recovery will continue to generate hundreds of thousands of new households this year, creating an unprecedented demand for single-family rentals, especially as single-family construction levels remain tempered compared to boom periods.” Said Steve Hovland, director of research for HomeUnion and the lead author of the 2017 NSFR.