Morning Minute: The rise of the single-family rental

Single-family rentals are one of the hot markets in real estate right now, for both the tenants looking to rent as well as the investors looking to become landlords. The Chicago Tribune talked with CoreLogic’s senior economist Sam Khater, who says single-family rentals are potentially a $3 trillion market. Read the full interview.

In other news:

Low rates make 15-year mortgage more popular. With interest rates for the shorter term loan averaging under 3 percent, a growing number of homeowners are opting to refinance to a 15-year loan. (Belleville News-Democrat)

House not selling? Take a reality check and see if there are things you can do to spruce and clean it up. It may be time to declutter, remove odors and take a critical look at how the home and its furnishings flow, reports the Chicago Tribune.

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