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| Chris Pollinger |
IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s
leading source for comprehensive housing data, released its Q1 2015 Residential
Property Rental Report, which ranks the best markets for buying residential
rental properties in the first quarter of 2015.
The report also looks at which markets are seeing the
biggest increases in rental rates in 2015 compared to 2014, and provides
rankings of the best safe haven residential rental markets, along with the best
markets for renting to Millennials, best markets for renting to Generation
Xers, and best markets for renting to Baby Boomers.
“With homeownership rates at their lowest level in 20 years,
historically low levels of housing starts and relatively low home prices in
many parts of the country, there is still plenty of opportunity in the U.S.
housing market for single family rental investors employing a variety of
investing strategies,” said Daren Blomquist, vice president at
RealtyTrac.
“Buying single family homes as rental properties in Southern
California is reserved for those that have a very specific investment
strategy,” said Chris Pollinger, senior vice president of sales with
First Team Real Estate, covering the Southern California market, where annual
gross yields on rentals range from less than 5 percent in Orange County to
nearly 9 percent in the inland San Bernardino County.
For a
complete copy of the company’s news release, please contact:
Jennifer Von Pohlmann
949.502.8300, ext. 139
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