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.
- Los Angeles rents are expected to increase 3.3 percent in 2016, following a 5.4 percent increase in 2015.
- L.A.'s job market is forecasted to see an addition of 80,000 jobs to the local community in 2016.