Renters head to the suburbs, causing rents to rise

Renters’ preferences for urban locations is being reversed due to the ongoing COVID-19 pandemic, and many are now choosing suburban markets with more space as they no longer face long commutes to work. Searches for rental apartments in the suburban markets of Sacramento, California; Norfolk, Virginia; and Inland Empire, California, for example, increased from 3.2%

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Renter Numbers Predicted to Rise During Next 15 Years

As the housing recovery continues, it’s expected housing patterns will change significantly during the next few years in order to accommodate a much larger renter population. The change is being predicted by a recent report by the Urban Institute called “Headship and Homeownership: What Does the Future Hold?” As the report points out, millennials will

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Young Renters Aspire To Buy Homes, But Can They?

Most younger renters think owning is a more sensible housing choice for financial reasons, according to Fannie Mae’s new National Housing Survey.

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