2020 Buyer Investing Facts for the day 03/04/2020

Real Estate Investing Facts
~Home values in the United States have increased 7.2% since 2018. (Zillow)
~There are almost 44 million renter-occupied homes in the US, in contrast to 75 million owner-occupied homes. (NMHC)
~In 2007, around two-thirds of investors were primarily focused on the stock market. That number has fallen to 50%, with many Millennials choosing to invest in real estate instead. (RealWealth)
~Thirty-two percent of investment property owners are currently renting or are planning to rent their homes as short-term vacation rentals. (VRM Intel)
~The average nightly rental rate in the US for short-term rentals is $217 per night, with a range of $186 to $978 per night in popular vacation destinations. (vroomres)
~The short term rental market was valued at $100 billion in revenue in 2016. It is expected to grow to $167.9 billion in 2019. (VRMA)
~In a Zillow survey of real estate experts and economists, half are expecting a recession in 2020, 14% in 2021, and 24% in 2019.
~By 2025, Millennials are expected to form more than 20 million new households. (Realty Biz)
~91 of the 100 top housing markets have seen rent increases over the past year. (Apartment List)
~Individual real estate investors account for 74.4% of rental properties in the United States. (US Census Bureau)