Rental income produced by residential properties rose 12 percent year-over-year in September 2012, CoreLogic reports.
“The rapid growth in rental income is a byproduct of fundamental shifts in the housing market, driven by a large increase in affordable investment properties and rising rents,” CoreLogic reports.
This residential investment will contribute to additional economic growth. “Overall market uncertainty can be reduced further by a reduction in mortgage risk, investment-driven economic recovery, and further clarity on housing policies, leading to more sustainable profits and outcomes for real estate and housing finance,” CoreLogic reports.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/12/18/investors-see-rising-profits-rental-properties
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