The venerable John Burns Real Estate Consulting recently shared their thoughts on what 2022 will bring to the rental and housing industry.
They predict that new lease effective rents will continue to rise, with several popular in-migration markets producing double-digit rent growth over the last year, according to their Burns Single-Family Rent Index™ (BSFRI) – which covers 99 markets and includes homes that are owned by small investors, which are the vast majority of the market.
Top SFR markets with double-digit new lease effective rent growth include:
- Phoenix (+12% YOY)
- Las Vegas (+10% YOY)
- Charlotte (+10% YOY)
- Atlanta (+10% YOY)
Click here to read the full report at John Burns Real Estate Consulting.
