Homes4Income

Making Income Through Rental Property

  • Home
  • Investor Profile
    • Pre-Approval Form
  • Articles
    • Cap Rate
    • Cash Flow
    • Finance
    • Financial Planning
    • Florida Real Estate Investing
    • IRA & Nonrecourse Loans
    • Passive Income
    • Property Investors
    • Property Management
    • Purchasing Investment Property
    • Real Estate Investing
    • Rehabbing Investment Properties
    • Rental Income
    • Retirement
    • Section 8
    • Tampa Real Estate Investing
    • Tampa Rental Income
    • Taxes
    • Turnkey Real Estate Investing
  • Videos
  • Properties
    • Off Market Deals
  • Graystone Financing
  • Testimonials
  • About
    • Investing in Rental Property
    • Graystone Investment Locations
    • Contact
Home / Articles / Real Estate Investing / More People Renting in Metro Areas Benefits Real Estate Investors

More People Renting in Metro Areas Benefits Real Estate Investors

June 17, 2016 By Jorge Vazquez

More People Renting in Metro Areas Benefits Real Estate InvestorsReal estate investors benefit from the increase in the number of people renting in metro areas, which is, in part, a result of more people moving to live in metro areas.

Several factors have contributed to the rise in the number of people renting, which began prior to the 2007 housing crash, and accelerated as people were displaced as homeowners.

Since the housing crash, demand for rentals continues to increase: “The demand for renting continues to climb, and building rental units has become easier,” stated Ingrid Gould Ellen faculty director of the NYU Furman Center. In 2006, 32% of renters lived in the largest metro areas in single-family homes, but that number rose to 37% in 2014.

The data collected from New York University’s Furman Center and Capitol One shows that renting has become more popular in the last decade. Furthermore, over half the country’s rental population is at least 40 years old, which can also explain the demand for a quieter home environment.

Rising Real Estate Prices

Rising real estate prices in metro markets have resulted in many people renting a home, reflected in falling homeownership rates from the peak of 2005.

Since 2005, homeownership rates have dropped from 69% to less than 63.7%. Rising real estate prices have led people to rent rather than buy, resulting in cities with higher real estate prices having higher rental rates. Thus, affordable housing is becoming increasingly out of reach for many low-income and moderate-income residents in the nation’s largest metro areas.

Government Programs

Many people who are renting are former homeowners. Foreclosures and damaged credit reports have forced people to rent, because they cannot qualify for a mortgage.

Tightened credit standards have also been a factor. Though programs have been created to encourage buying homes, they have not been utilized as predicted.

Other Factors for Renting

There are other reasons people prefer to rent, besides rising real estate prices in metro areas. Renting allows flexibility for people who want to move, and offers liquidity to invest in other assets such as stocks.

Also, many people fear another housing market collapse, which makes renting a good option for them.

Real Estate Investors

Whenever there is a growing demand to rent rather than buy, real estate investors have an opportunity to benefit.

As long as the rental demand continues, real estate investors can supply the demand by buying homes, rehabbing them, and renting them to tenants. Then if the demand changes in the future, and more people want to buy homes than rent, real estate investors can profit by liquidating some of their inventory to fill the demand.

Graystone Investment Group

Graystone Investment Group is an experienced Investment Group wholesaling properties in the metro Tampa Bay market.

Unlike other wholesaling groups, we find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years, at no extra charge.

To learn more about profitable real estate investments in Tampa Bay, please fill out our Investor Profile or contact us direct.

headshot of Jorge VazquezLearn More About Real Estate Investing

The Graystone Newsletter will keep you informed with important information relating to real estate investing. The newsletter includes information we share with our clients about the best places to invest in real estate, the latest trends, and the information you need to know to succeed investing in real estate.

Real estate investors, wholesalers, flippers, real estate agents, and everyone connected to the real estate industry will benefit from the wealth of information we share very month.

For more information about how we process your data, please click here to read our Privacy Policy.

Disclaimer:
HOMES4INCOME.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP LLC. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.

Get Started Now!

By clicking this button, you consent to receive emails, calls, and text messages about our products and services at the email address and phone number you provided. You agree that such calls may be made using an automatic telephone dialing system, they may be considered telemarketing or advertising under applicable law, and that you are not required to provide your consent to these calls to make a purchase from us. For more information about how we process your data, please click here to read our Privacy Policy.

Recent Articles

  • What Does a Realtor Do for the Homebuyer?
  • What Does a Realtor Do for the Home Seller?
  • It was amazing! I couldn’t be happier! Levi Cortez, Investor in Mexico
  • What is a Mortgage?
  • Pros and Cons of Paying Off a Mortgage Early
Graystone Investment Group
3001 N Rocky Point Dr E,
Suite 200

Tampa, FL 33607 USA
phone Graystone Investment GroupCall (813) 449-4323
Subsidiary Brands:
Graystone Acquisitions
Graystone Real Estate
Homes4Income.com
Rental4Income.com
RealEstate4Investing.com
  • Home
  • Investor Profile
  • Articles
  • Videos
  • Wholesale Properties
  • Recent Properties
  • Testimonials
  • Contact
  • Accessibility Statement
  • Terms of Service
  • Graystone Privacy Policy

Recent Posts

  • What Does a Realtor Do for the Homebuyer?
  • What Does a Realtor Do for the Home Seller?
  • It was amazing! I couldn’t be happier! Levi Cortez, Investor in Mexico
  • What is a Mortgage?
  • Pros and Cons of Paying Off a Mortgage Early
Investor Profile | Private Lender Profile
Client Evaluation | Rewards Program | Glossary | Pre-Approval Form | Legal Notice
© 2023 GRAYSTONE INVESTMENT GROUP, ALL RIGHTS RESERVED. THE HOMES4INCOME LOGO AND BRAND IS THE PROPERTY OF GRAYSTONE INVESTMENT GROUP LLC
DISCLAIMER: HOMES4INCOME.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP LLC. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.
Internet Marketing by Image Building Media.