Daily Real Estate News | Tuesday, December 18, 2012
Rental income produced by residential properties rose 12 percent year-over-year in September 2012, CoreLogic reports.
“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 reports.
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," CoreLogic reports.
Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty
951-204-1864
http://www.inlandempirerealestate.kwrealty.com
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