Let's start the New Year with good news! Rent increases will outpace home value growth in 2015 predicts Stan Humphries, chief economist at Zillow who believes rents will rise 3.5% in 2015, outpacing his predicted 2.5% for annual home price gains. Plus many 25- 34-year-olds (Millennials) will form new households, but instead of buying they’ll rent, predicts Trulia’s Kolko. This is excellent news for the Las Vegas rental market from an investor's viewpoint.
For more on the Housing Outlook 2015: 11 Predictions From The Experts check out: http://enews.realtor.org/a/tBUnXf1B8jhcVB8$Zu2AABZcpwJ/rsps39
Bonnie is the visionary that has driven the company and culture of Avalon since 1993. Her passion is improving procedures and practices; incorporating technology and value added services for both our clients and tenants.