The State of Single-family Rentals
Carrington Comments on State of Single-family Rentals
Carrington Mortgage Holdings EVP Rick Sharga is quoted in the DS News article “The State of Single-family Rentals,” about the Federal Housing Finance Agency (FHFA) announcement that Fannie Mae and Freddie Mac would be discontinuing their single-family rental (SFR) pilot programs.
So how does this impact the SFR market? Sharga noted that rental growth is increasing rapidly and shows no signs of stopping, from around 11 million to over 16 million since 2009.
“Many former homeowners in the Gen-X age cohort have opted to rent rather than buy homes, either by choice or financial necessity,” he said. Read it here.