Bank of America Shows Rental Home Growth
According to the Bank of America Home Loans Weekly Wrap, a newsletter provided by the bank, it shows the general U.S economy to be improving in employment growth but sputtering in consumer spending and inflation.
However, of interest to landlords is that homeownership is dropping across the board and the rental occupancy is UP sharply. This is a trend starting back in 2014. More new renters than buyers.
As an investor, more renters means more opportunity to fill vacancies, increasing rental payments and a higher demand for rental housing.
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