Investors Update

Hey Real Estate Investors!

Welcome to the latest newsletter where I'll be providing you with valuable insights into the current state of the real estate market. Our focus today is on the US rental market and the Twin Cities region.

According to Corelogic's most recent Single-Family Rent Index (SFRI), the annual rate of US rent growth has continued to slow down annually. Single-family rents increased by 5.7%, which is the lowest level since spring 2021. This marks the 9th consecutive month rent growth has slowed, indicating that the rental market is stabilizing. The cities with the highest annual single-family rent price increases are Orlando, FL, Charlotte, NC, and New York. However, Phoenix posted the lowest annual rent price gain for the period.

In the Twin Cities region, the real estate market is showing some interesting trends. For the week ending April 1, new listings decreased by 30.4% to 1,081, while pending sales decreased by 24.4% to 942. However, the inventory increased by 6.4% to 5,815. This indicates that there are more homes available for purchase, but the number of homes being listed and sold is decreasing.

While the current market trends may seem concerning to some, they present an opportunity for savvy investors to enter the market at a lower cost. As the rental market stabilizes, investors can take advantage of the current low rent growth rates to invest in rental properties in the cities with the highest annual single-family rent price increases. In the Twin Cities region, the increased inventory provides an opportunity for investors to find properties at a lower cost.

I hope this newsletter has provided you with valuable insights into the current state of the real estate market. As always, if you have any questions or would like to discuss your real estate investment plans further, please do not hesitate to reach out!

Best regards,

Cain Murray

612-644-7906