Ethan Roberts, in an article about real estate rental property at TycoonResearch.com, talks about the Florida real estate market and rental property investing. I appreciate this article because it's not all talk, but has real numerical data to back up the author's statements.I won't copy his charts, so go to the article to see them. But, the data presented shows that, while home sales have been falling steadily over the last two years, rentals on the MLS have been doing just the opposite. Knowing that only a fraction of all rentals actually move through a Multiple Listing Service, we can assume those numbers are far greater over the entire market. Let's see:
- Fewer homes are selling, so fewer homeowners
- More homes are renting, so more rental demand
- Home prices are falling, with foreclosure and short sale opportunities
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