Rents and Demand for Rentals Surge

Housing rents continued to rise in 2011, with Northern California markets including San Francisco, San Jose and Oakland, posting the largest rent hikes, according to a new report.

Nationally, rents rose 4.7% in 2011, according to a report from MPF Research, a division of RealPage. Rents are up 7% since hitting a low point in late 2009. The national occupancy rate ended the year at 94.6%, up from 93.5% a year ago.

"Rental housing is in strong demand. Most of the jobs being formed are going to young adults, who tend to be renters. At the same time, loss of renters to purchase continues to run far below the historical norm" said Greg Willett, MPF Research vice president.

Their projections for 2012: Occupancy will be higher, and rents will rise another 4.5% this year.

What are you doing to capitalize on this opportunity? Are you buying foreclosures 30% below market value, renting them out for substantial monthly mail box money and building hugh equity profits... so in only 5 years you can retire rich on foreclosure rentals? If not, you need to join us tomorrow night, for our Brand New Professional Investor Webinar "How to Retire Rich from Monthly Foreclosure Rental Cash Flow" with Daryl White, expert investor. Register online at: http://www.foreclosures.com/webinars/professional/ or call 800-310-7730 x2. Talk to you then!

Read the full article