June saw the highest US rental rates ever, up 2.9% in the year. Rates in Florida metros rose by much more with Orlando registering the highest of all.
A recent survey shows rentals are a more popular option on the US property market with everyone including Baby Boomers, once staunch homeowners.
An annual review of the best places to buy a US holiday let contains some surprises and some givens and Florida continues to tick all the boxes.
Discover why changes in rental trends in millennials and older Americans tick even more boxes for investors in US buy-to-let properties.
A recent report on the US rental market reveals higher rental rates and occupancy levels plus an increase in the popularity of renting.
US rentals are on the move as almost two-thirds of tenants plan to relocate. Sunbelt states such as Florida and Texas are top favourites.
Latest figures for homeownership in the US point to a slight increase in the rate in Q2 this year. More millennials bought homes between April and June, pushing the homeownership rate up in this group. Traditionally the strongest sector in the US rental market, they are about to be joined by Generation Z, a whole new target for rental properties.
Two studies reveal that the US rental market requires a massive injection of properties over the next two decades to meet burgeoning demand. Based on current trends, the US needs 4.6 million more apartment units by 2030 to satisfy demand from rental households.
US buy-to-let property is not only big business for small investors; large investment funds have recently joined them in the bid to obtain yields from America’s buoyant rental market.
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