Just Published 3rd Qtr 2013 Income Rental Markets

LOS ANGELES - Nov. 4, 2013 - PRLog -- Currently the number of  markets in the “Sell Phase”  is twenty-four according to Eugene E. Vollucci, Director of CRES.  The number of   markets in the “Buy Phase” is thirty-six.  Mr. Vollucci  states “that  the income rental market is starting to heat up. The most important factor to determine whether or not it will continue is if mortgage lenders will loosen their reins.” Mr Vollucci added he “sees a guarded future of income rental markets for investors. Investing in income rental properties will be an attractive proposition for many years because of the increasing numbers of people who can’t afford to be homeowners.”

David Hicks, HomeVestors co-president, noted that the risk of investing in all markets across the country has decreased sharply. “Only six of the markets in the top 100 list are ranked as “speculative,” down from 13 during the last quarter. The others are ranked as either “low risk” or “medium risk.”

Employment is the engine that drives all local economies. According to the Department of Labor, in August, 18 states and the District of Columbia had unemployment rate increases, 17 states had decreases, and 15 states had no change. Nonfarm payroll employment increased in 29 states, decreased in 20 states and D.C., and was unchanged in Montana.  “Until we can improve these figures dramatically, the income rental markets will recover but at a very slow pace,” according to Mr. Vollucci

Investor confidence notched steady gains in the first half of 2013. The latest results from an exclusive investor survey conducted jointly by National Real Estate Investor and Marcus & Millichap shows a continued positive outlook for property performance and a strong appetite to increase investment over the next 12 months.

ABOUT THE AUTHOR: Eugene E. Vollucci, is  the Director of The Center for Real Estate Studies, a real estate research association and author of "How to Buy and Sell Apartment Buildings" To purchase a subscription to Market Cycles and to learn more about the Center for Real Estate Studies, please visit our web site at   http://www.calstatecompanies.com