CoreLogic – Rising home prices put upward pressure on rents

Yesterday CoreLogic released its April MarketPulse Report (PDF, free registration required). The report includes a discussion of housing’s anticipated contribution to economic growth and an analysis of single-family rental supply and demand trends.

Key findings in the report include:

Increasing equity has revived buyer demand, and trade-up opportunities are increasing for some buyers.

Investor demand will continue to drive demand for home sales in 2013.

Rising prices in the purchase market have led to upward pressure on rental prices.

Constrained inventory in the single-family rental market is causing rental prices to rise.

New household formations and homeowners who experienced foreclosure in 2012 will ensure strong rental demand in 2013.

The full copy of the April CoreLogic MarketPulse report includes a complete set of data and charts.

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