It's no real secret that more and more Americans have been choosing to rent over buying a home for some time now. Most people, however, have been under the assumption that this was merely a consequence brought on in the wake of the 2008 Great Recession. The foreclosure crisis at the time scared many would-be homeowners away and the subsequent market boom in areas with job opportunities quickly grew out-of-reach for millennials.
When a new year rolls around, most of us start thinking about change. More than just the change in our personal lives, real estate investors often find themselves thinking about the change happening on a grander scale: what’s going on in the real estate market? What can we expect this year? How will my strategy need to change and adapt?