Demand for Rental Units to Explode – John Burns

One of the unexpected trends we’ve seen over the past few years is the decrease or slowdown in household formation.  Part of that certainly is attributable to the recession but there is also a component that college kids have been moving home to live with their parents in increasing numbers.  John Burns of John Burns Real Estate Consulting believes that we are soon going to see a lot of those kids start to leave home which will dramatically drive the need for apartments or rentals in general.

Given the ongoing foreclosure crisis in America as well as tightening loan standards, the rental option is likely to see increased demand over the next several years.

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