By Cameron Williams, Director of Research, SVN International Corp.
Elevated interest rates and a limited inventory of houses are driving Millennials and Gen Z towards the single-family rental (SFR) market in search of budget-friendly initial homes. Currently, SFRs account for more than 50% of the U.S. rental marketplace, and financial experts anticipate this portion will expand in the future.
An analysis of a recent report conducted by Arbor Financial, a multi-family lender, highlights compelling advantages: minimal maintenance costs, steady additional income, and the potential for long-term appreciation. These factors make investments in single-family residences a highly appealing option in times of economic downturn.