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How Multifamily Investors Can Benefit From the Current Health of the Property Market
By Joe LeFleur via 100units.com

The multifamily property market has enjoyed several years of rapid growth. According to a recent report published by Freddie Mac, this growth seems poised to continue throughout 2017, although at a more moderate pace. But what does this mean in terms of return on investment for your multifamily property? Here are three key takeaways from the report and what it means for you.

Economic Growth

The economy added 2.2 million jobs in 2016, with average hourly earnings rising 2.9 percent over the past year. Great news – this increase is predicted to continue throughout 2017. Job growth in Orlando is expected to be among the highest in the country, not least because the city falls into the Sun Belt, a strengthening region characterized by a warmer climate and a relatively lower cost of living, which attracts people from across the country.
 

Demand for Multifamily Property

With employment growth higher than population growth and wages rising, the demand for multifamily units remains robust. Rents are growing in line with 2016, and are predicted to maintain this strong upward trajectory. The strengthening wage growth has supported strong demand for multifamily rental units. This is because more and more households are being formed, and are choosing to rent due to demographic shifts and lifestyle preferences.