Renters may see an even bigger increase in housing costs this year. The National Association of Realtors (NAR) has forecast rent prices to rise by 7.1% in 2022. In large part, that is due to a lack of rental housing. According to Harvard’s Joint Center for Housing Studies, in the third quarter of last year, the growth in occupied apartments outran new rental construction by nearly 250,000 units.
A team of Credit Suisse analysts led by Tayo Okusanya has initiated coverage on 25 U.S. real estate investment trusts (REITs) and named five top picks from among nine industry sectors. The team has an Overweight rating on the apartments, single-family rentals and towers sectors. Market Weight ratings were given to the data centers, shopping centers, health care, triple weight retail and mortgage sectors, and the single Underweight rating went to the office sector.
The post 5 Outstanding REIT Picks From Credit Suisse With Up to 100% Potential Upside originally appeared at 24/7 Wall St.