Low rental-home inventory is prompting single-family rental prices to rise, driven mostly by an upswing in demand from millennials. However, annual increases are slowing, according to a new report from CoreLogic, a real estate data firm.
U.S. single-family rent prices rose 2.9% year over year in July, which is lower than the 3.1% gain in July 2018. The highest annual rent price increase was in Phoenix, at 7.2%.
Continue… https://magazine.realtor/daily-news/2019/09/18/single-family-homes-continue-to-lead-rental-market
