The KCM Blog just posted this happy graph, showing average national rent increases over the past three years and projected rent increases over the next three years based on a report from Marcus & Millichap.

On the other hand, a recent Investor’s Business Daily article opines that high apartment rents are pushing renters to buy homes.

But fear not, because “more renters are on the way.”  Supply and demand is on our side.  There are a large number of echo boomers age 20 – 34 entering the rental market which are likely to make up for those who leave it.

All of this is terrific news for income property investors!