But Not This Year: Lower rental yields might cause investors to lose interest in the housing market, but according to Capital Economics, that scenario is unlikely to play out this year.
Currently, the increase in home prices is outpacing the rise in rents, which “is weighing on rental yields,” the firm noted in a report authored by the property economist Paul Diggle.
For example, national home prices in January rose 9.7 percent year-over-year, according to data from CoreLogic, yet the Consumer Price Index shows rents rose by just 2.7 percent during the same time period, the report noted. Read More ...
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