Markets & Economy

Rentals will remain in demand, especially among millennials

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Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save $100 with code Readers. Takeaways: Single-family rentals are expected to remain in high demand. Median rent in San Francisco rose by 20 percent between April 2014 and April 2015. Rents in some markets were stagnant or declined, as demand could not keep up with new supply. Accounting for roughly 40 percent of all rental stock, single-family rentals are expected to remain in high demand -- especially among millennials who begin to form their own families. This is good news for owners of single-family rentals, especially those who own homes in markets that have recently seen a bump in rent. According to CoreLogic, median rent in San Francisco rose by 20 percent spanning April 2014 to April 2015. In Los Angeles, S...