KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

Investors see rising profits from rental properties

Rental income produced by residential properties rose 12 percent year-over-year in September 2012, CoreLogic reported.

"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 reported.

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," according to CoreLogic.

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