Confirmation that housing may be one of the most defensive sectors in this market : - according to Corelogic, rents continue to increase significantly (3.8 % per year), - while long term rates are decreasing (cf US 10 year treasury now at 4.06 %, decreasing by 13 pt yesterday).
Not that many sectors now where we have a good visibility on regular increase of cash flow. Given that the national vacancy rate is 1.5 %, the risk of decreasing rents remains limited.
