The multi-family and single-family rental markets are continuing to make headway throughout the nation, according to a report recently released by HomeUnion. While the end of 2015 was somewhat rocky for the U.S. economy, it has regained traction through the start of 2016 to prepare itself for what economists believe to be a promising year.
- South and Midwestern cities concentrated the list of markets with the biggest opportunity for return.
- In San Francisco, 48,000 jobs are to be created in 2016 – a 4.4 percent increase over last year.
- Rental increases in San Francisco are forecasted to ease to 5.4 percent in 2016, a significant drop from 8.8 percent last year.