Since Lake’s article was aimed at the financial community, it occasionally lapsed into FinanceSpeak like “…there tends to be a ‘beta’ between the rental market and the stock market.” Especially for Boise investors looking for relief from the stock market’s volatility, that translates into English as “daily swings in stock prices don’t affect real estate investors like equity investors.”
- The 2019 outlook is strong. With demand growing and supply limited (most notably in entry-level housing), one analyst predicts rent increases “landing in the 5%-7% range.” That would outpace even commercial real estate prospects.
- Housing is bolstered by low unemployment. (Last Friday’s announcement of surprisingly strong employment numbers reinforces that “bolstering”).
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Renter profiles are changing. Renting single-family homes has “become the new norm” among three well-populated consumer groups: renters who lack a home loan down payment; consumers who wish to remain flexible where housing options are concerned; and those who fear that real estate values might soften in the future.
Since every locality differs in rental property performance, Boise investors are well served when they have access to the market know-how of an experienced local Realtor®. That may not be FinanceSpeak, but it does translate into: call me!