Single Family Rentals: Your Safe Haven in a Housing Shortage?

Who needs a white picket fence when you can rent one?                                                                                                                                                                                                                                                                                                                                                                                                                 May 28, 2024 | [Read Online]( Hey, Home Dreamers! The housing market is showing positive signs! Builders are very optimistic, and recent data indicates a significant increase in new home construction and building permits. Additionally, sales of existing homes, especially single-family homes with yards and driveways, have increased more than expected, rising over 10% from the previous month. HOMESCAPE Single Family Rental Market Booming Amid Housing Shortage [4-minute read]( In a revealing discussion, Invitation Homes CEO Dallas Tanner states a unique approach to renting. Invitation Homes stands out because it only offers single-family houses for rent. It targets the "missing middle"—people who want to buy a home but can't afford it yet, maybe because they are saving for college or starting a business. The housing shortage is severe, with an estimated 3 to 5 million homes needed nationwide. This shortage affects people who want homes with yards and garages in good school areas the most, as high prices force them to rent instead of buy. To satisfy these demands, Invitation Homes leases out homes equipped with community spaces, garages, and yards without demanding a sizable down payment. Because of this, they have very high occupancy rates, with renters often staying for a long time because they enjoy the lifestyle. Even though interest rates are increasing, which usually makes fewer people want to buy homes, prices are not dropping. This is happening because borrowing money has been cheap for the last ten years, and strict rules on building new houses kept house prices high. Recently, the amount of money people borrow to buy homes has increased by 4-5%, but there are 8% fewer new mortgages. As a result, more people compete for the few rental properties available, keeping rent prices high. They've transitioned over 12,000 tenants into homeowners, highlighting the massive appeal of their offerings in the past five years alone. They smartly reinvest in new properties in prime locations, ensuring a continuous supply of top-notch homes for future renters. Invitation Homes is doing very well, with nearly all its properties filled (97.5% occupancy) and its income increasing. It aims to grow by building more homes in popular areas for people still looking to buy a house. While the broader housing market might face slowdowns, the acute shortage of available homes means rents will likely stay strong for a while. Invitation Homes is in a prime position to benefit from this trend with its ability to provide much-needed housing options for consumers who require more time to decide. Why This Matters to You Whether you're a renter eyeing a better living arrangement or a market watcher intrigued by housing trends, Invitation Homes is a company to watch. Discover how they're taking the rental market by storm! [Click Here]( to learn more. Keep dreaming about new homes, and we'll keep making it happen. Until next time, stay smart with your investments and keep your homes cozy! Sincerely, The Real Estate Investing News P.S. In real estate, things are always changing. Keep an eye out for the next issue of the Real Estate Rundown, where we explain the money and logic behind the housing market! Must-Watch [[Scale Rental Investment Portfolio With 6 Step]( 🎬]( [Is Now the Worst Time to Buy a House? Rates & Prices Explained 🎬]( Ready to turn your real estate dreams into reality? [Sign Up]( for our newsletter for more insider tips and expert advice on funding your investment journey! 🏠[tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 REAL ESTATE INVESTING NEWS 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv](