The Top 10 factors affecting the rental market in the United States:
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- 16 million of new housing units are needed to meet population growth in the next decade.
- Multifamily construction hit historic lows during the last 5 years, hardly any supply in the pipelines.
- Majority of the young and newly hired are opting to rent rather than buy.
- Many people lost interest in "The American Dream".
- Homeowners who lost their homes to foreclosure are now renting.
- For each 1% decline in homeownership, 1.3 million new renters are created, it's expected to drop 4%.
- High gas costs are forcing people to rent closer to public transportation and employment centers.
- Adults who moved with their parents/friends during the recession are now moving out.
- Significant growth in immigrant renters between 20-30 years old.
- 3.8 million Baby-boomers entering the rental market.
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It's a good time to by apartments.
Below is a list of Multifamily Properties for Sale in the Bay Area, click here for a PDF file. |
