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Rental Demand Surges as Home Sales Keep Sagging

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“The Wall Street Journal” – July 1, 2019

Rental demand has reached a five-year high this past spring.

“RealPage’s chief economist, Greg Willett, attributed the increase in the second quarter partly to economic uncertainty that slowed the market in the first quarter. “This is a catch-up,” he said.”

You will see the rental demand particularly in the Chicago and Houston areas.

Rental prices increased by 3% from the second quarter of 2018.

“The shallowing buyer pool and the lack of affordable homes has helped fuel the demand for rentals.”

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