Summary
In many suburbs near major cities, more people are renting homes instead of buying them. This trend is linked to the rising costs of buying a home, which makes renting a more attractive option for many.
Key Facts
- Homeownership costs are rising across the country.
- Renting is becoming more popular, even in suburban areas.
- This change is noticeable near major cities.
- Doug Ressler from Yardi Matrix provided insights on this trend.
- The shift from homeownership to renting might continue as home prices remain high.
