Developers Build on Home Rental Success With Whole Communities
Property firms see continued demand for single-family homes from millennials, aging boomers who don’t want to buy
Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters.
When the housing market crashed, investors took advantage by buying low-price homes in foreclosure in order to rent them out to tenants. That demand has proven brisk.
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