- Rental income produced from residential properties increased 12 percent year-over-year in September 2012. The rapid growth in rental income is a byproduct of fundamental shifts in the housing market, driven by a large increase in affordability of investment properties and rising rents.
- Heading into 2013, the trend in overall rental income will likely reflect tightness in the single-family rental market and a continued rise in rental demand given weak wage income and job growth.
- The real estate cycle is now producing residential investment that is contributing to economic growth in line with post-recession history.
- Lenders have returned to more sustainable loan products and remain cautious in extending credit to only the most qualified borrowers.
- Overall market uncertainty can be reduced further by a reduction in mortgage risk, investment-driven economic recovery and further clarity on housing policies, leading to more sustainable profits and outcomes for real estate and housing finance.
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