USA Today article on single family rentals

[chrispy]

Interesting article in USA Today (22 Oct)

It states

" investment funds and real estate trusts are"scooping" up thousands of foreclosures of single family homes, across the U.S in hope of managing houses the same way large real estate funds hold apartment complexes and office buildings."

The graph lists the 10 largest metropolitan areas that saw the biggest increase in single family home rentals from 2005 to 2011.

Phoenix-Mesa-Glendale, Ariz is shown as No. 1 with an 86% increase in single family rentals

Chris

 

[MTR]

Hi Chrispy
This is why prices have jumped as much as 50% in various areas in US

http://www.buycashflowproperties.com/wp-content/uploads/September-Newsletter-2.pdf

MTR

 

[chrispy]

I am back in Texas at the moment. I have been watching this market for some time. In the last month there is a definite move on single family homes.

I have been helping a Texan friend look for a PPOR on acres. We had a list of 11 that had been available for some time. It appears that most of them have been sold, or have been with-drawn.

Could be coincidence but after the article today, I am not so sure.

Chris