The Federal Reserve has increased interest rates to tamp down inflation.

It has created pressure in the housing market as potential buyers are priced out.

Real estate brokerage Redfin reported 63,000 Americans backed out of home-purchase agreements in July.

That’s the most reported, aside from March and April 2020.

Now more Americans are looking at renting within multifamily properties, such as apartments and duplexes.

In today’s episode of The Stock Power Podcast, I share a 94-rated Power Stock that owns a portfolio of multifamily real estate in some of the fastest-growing markets in the U.S.

Real estate investment trusts (REITs) are a way for investors to tap into the real estate market without buying property.

REITs are companies that own or finance income-producing real estate across different property sectors.

And most pay nice dividends to shareholders.

The Power Stock I have for you is a rental REIT focused on multifamily housing properties in growing U.S. markets.

Be sure to subscribe to our YouTube channel for more videos, including my weekly Marijuana Market Update.

Have something you want us to talk about? Email [email protected] and give us your thoughts.

Check out MoneyandMarkets.com and sign up for our free newsletters that deliver you the guidance you need to make money — no matter what the market throws at you.

Also, follow me on Twitter.