The post below has been curated from Zillow. Read the entire article here.
The rental market has been growing at an accelerated pace for several years — with rental appreciation outpacing home value appreciation in many regions — but as the rate of growth has started to slow, what can we expect in 2017?
Zillow’s senior economist, Dr. Skylar Olsen, predicts that rent growth, which peaked in July 2015 and has since slowed in some areas, will continue at a steady but more moderate pace across the U.S., with notable exceptions in hot markets.
Here are five top predictions for the rental market this year.
1. Rental affordability will improve as incomes rise and rent growth slows
2. The homeownership rate will go up as millennials age
3. New development will prioritize smaller homes close to public transit, but many renters will still be pushed to the suburbs
4. New homes will cost more as construction becomes more expensive
5. Interest rates will increase (no, really!)
What are your thoughts about these rental marketing predictions? Spot on, way off, or well…?
Hey there, our video finally rendered and we posted it on Youtube. You can find it here.
Or just watch the embedded video below.
We also got some to hear credit score hacks from Eric Lawson, as well as the incredible networking opportunity you can only get when you come to live in-person events.
Deals were made here, y'all.
Remember, this is the ONLY time we'll be sharing the actual video of a live event here on Thrive REIA.
Subsequent Meetups will be recorded but they will only be available to Thrive REIA members.
Remember, your net worth depends on your network – and coming to these live events are the single-best thing you can do for yourself, your business, and your net worth.
Of course, as a Thrive REIA member, you will have access to many other tools, resources, and information…however, 12 monthly events will go a long way towards securing your financial future.
As we ramp up Thrive REIA, we will add loads of content. Don't worry, be patient, there will be lots of great stuff here!