By: Staff Report//April 13, 2023//
By: Staff Report//April 13, 2023//
Sharp mortgage rate increases have worsened housing affordability over the past year, forcing more consumers to rent or to continue renting for longer, according to a report published today by S&P Global Ratings. This trend is likely to continue until homes become more affordable, which will support rental housing demand, even in a recession. As a result, fundamentals for both rated rental housing REITs and social housing providers should remain resilient as demand continues to outstrip supply in many markets.
The report, “Real Estate Monitor: Rising Rates Driving Rental Housing Resiliency,” outlines key trends facing the real estate sector, including: