John Burns says top rental markets about toPosted: June 16, 2011 at 7:53 AM by John McClelland
It is well known that economic conditions have greatly changed the rate of household formation. Young adults are cohabitating with parents, friends or relatives at an uncommon level. For this reason, John Burns, a recognized researcher who studies housing, believes that the rental market is about to "explode."
In the shadows of the housing crisis there are many individuals who are seeking a home of their own. This is likely to drive rental demand when job growth is sufficient to add fuel to this. For Las Vegas, we are less concerned with whether homes are rented or owner occupied, rather that they are occupied at all. In the meantime, there is an opportunity for investors to obtain rental properties that are yielding far better returns than many other investments.
To the Housingwire John Burns article: