UNCATEGORIZED

Despite housing uptick, rental pool will continue to grow

Nov 8, 2012, 8:55 AM | Updated: Mar 4, 2016, 5:53 am

Are you an investor looking to rehab a run-down house? Or, are you a member of a group ready to sink money into an apartment building? New data shows you’ll have plenty of future customers.

Between now and 2015, Freddie Mac’s Multifamily Research Group forecasts that there will be 1.7 million new multifamily renters due to the sluggish economy, high foreclosure rates, changing demographics, and the struggle of qualified homebuyers.

Meanwhile, since 2007, the single-family rental market also has grown, increasing 16 percent since that time and signaling that rental demand is popular across housing types.

“The research supports the optimism that currently pervades the multifamily market,” says David Brickman, senior vice president of Freddie Mac’s multifamily group. “It confirms that multifamily is a bright spot in the real estate market and the economy more broadly, and it will likely continue to shine for quite some time.”

Uncategorized

kent trooper shot...

Kate Stone

Man faces multiple charges after WSP trooper shooting in Kent

A man accused of shooting a Washington State Patrol trooper multiple times in Kent last Friday has been charged.

1 month ago

Oregon Emergency Landing - (Elizabeth Le via AP)...

KIRO 7 News Staff

‘Everyone was eerily calm,’ recalls passenger aboard ill-fated Alaska Airlines flight

Terror in the skies: A Vancouver, Washington, woman shares the harrowing moments after an airplane blowout over Portland.

3 months ago

Photo: SPD vehicle...

KIRO 7 News Staff

Two men shot at bus stop in North Seattle near Northgate

Two men were shot at a bus stop along Aurora Avenue Wednesday, according to the Seattle Police Department.

5 months ago

Manuel Ellis arrest, Tacoma police officers...

Associated Press

Prosecutors focus on video evidence in trial of Washington officers charged in Manny Ellis’ death

A cellphone video of the 2020 fatal arrest of Manny Ellis shows the Black man on the ground with his hands in the air in surrender

6 months ago

...

No Author

EXPIRED: Win tickets to see Stokley at EQC!

KIRO Newsradio is giving you a chance to win two tickets to see Stokley at the Emerald Queen Casino on Saturday, November 11, 2023!

6 months ago

(File photo)...

L.B. Gilbert

NLRB files complaint against Amazon for unlawful confidentiality agreement

A new complaint from the National Labor Relations Board (NLRB ) is accusing Amazon of requiring some corporate employees to sign an unlawful confidentiality agreement. The complaint states Amazon had required a former employee from its drone project, Amazon Prime Air, to sign an agreement that forbade discussion of information regarding Amazon, whether or not […]

7 months ago

Despite housing uptick, rental pool will continue to grow