Why renters are increasingly outnumbering homeowners in the suburbs of major cities
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.
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