The U.S. housing market may begin to shift away from rental growth and toward home ownership, according to one executive at a leading online housing data and real estate firm.
RealtyTrac Vice President Daren Blomquist discussed the differences between renting and buying following the firm's release of its most recent analysis of rental markets versus home ownership markets in U.S. counties containing more than 100,000 residents.
"As home price appreciation moderates and aligns more closely with trends in rental rates, the returns in the buy-to-rent market are stabilizing and becoming more predictable – if not as lucrative as they were for investors who purchased a few years ago near the bottom of the market," Blomquist said. "Buying rentals continues to be a brilliant strategy that allows investors to hedge their bets in a real estate market shifting away from homeownership and toward a sharing economy."
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