South Florida's Fast-Growing Population Spells Good News for Its Rental Market
"If we do go into a recession, building housing is going to take us out," one speaker said.
May 24, 2022 at 07:47 AM
4 minute read
Real Estate News
The original version of this story was published on Law.com
Despite the undersupply of homes, rising interest rates, demographic shifts, and spiking home prices and rent, the single-family rental market is still seeing strong demand. And South Florida, in particular, is poised to benefit as it welcomes an influx of newcomers from the Northeast.
That's according to panelists at IMN's Single Family Rent Forum (East) in Miami Beach on Monday, who said multiple conflicting dynamics in the market are beginning to put pressure on one another.
Trey Cummings, CEO of CS Equities, anticipates rents will increase because obtaining entry-level homes is hard for families, which creates great demand for rentals.
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