2022 Boise Idaho Real Estate Blog

It's time to buy a rental property or two!!!

Main Boise Homes for Sale

With the rise in the market, Time may be running short for rental purchases!

Single-family residential real estate prices have started inching up and rents are skyrocketing. To many, this marks the end of our market crash. This may mean time is running short on investing in your own rental properties.

According to the National Association of Realtors (NAR) in their 2012 3rd Quarter Metro Area Report ,” Investors… accounted for 17% of all transactions in the third quarter.” In average, one out of every six houses is going to investors.

the most recent MarketPulse Report by CoreLogic, their Principal Economist, Sam Khater, wrote on the subject in a story titled Roll Tide, or The Rise of the Single-Family Rental Market. The fine points of the information are:

  • The single-family rental market remained very active in the late summer of 2012 with increases in demand, tightening inventory and rising rents.
  • Nationally, rental leasing volumes were up every month for two years. In August, they were up 7% over last year.
  • Supply was down 11% over the same period.
  • This tightness in supply has caused rents to increase.
  • Rent growth is expected to increase at a ‘strong clip’ late in 2012 and in 2013.

If a private investor is looking for a great hands-on opportunity, perhaps purchasing a single-family house to rent out makes sense.

 
Posted by JessicaD at 12/6/2012 2:05:00 AM

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