Florida Is The Case Study

High mortgage rates and rising listing prices have shifted many towards single-family rentals (SFRs), leading to increased demand. However, a recent report shows a 16.7% rise in SFR inventory and a 15.4% increase in days on the market nationally. The Southern states, particularly Florida, saw significant inventory growth, with rental prices stabilizing nationally but decreasing in some Florida markets. Migration to Florida continues, but at a slower pace, with forecasts of 225,000 to 275,000 new residents in 2024.