Thousands of single-family homes are being built to rent rather than sell. More #home builders and investors see it as an income-generating investment at a time when the pool of first-time home buyers is shrinking and #Mortgage rates see Sharp increases this week.
The percentage of homes built specifically as rentals was 6.2 percent in 2012 — a record high, according to Census Bureau figures. For example, in the Atlanta area, a five-bedroom, three-bathroom new home that may have sold for less than $200,000 can fetch $1,300 a month in rent. “New homes still command a premium with renters,” See rates at our website
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