The multifamily market continues to get the thumbs up from Americans. According to ApartmentList.com, a locally based apartment-finding search engine, 40% of American households rent their homes, and one-fourth of these renters have no intention of becoming homeowners.
“The fact that a quarter of renters plan to never own a home indicates to us that the definition of the American Dream is changing, said John Kobs, CEO and co-founder of Apartment List, in a prepared statement. “While the resale market slowly recovers, it seems that more Americans are embracing renting for the long term. We will be keeping a close eye on how the next administration can improve the situation for renters around the US.”
Read more...GlobeSt.com - 25% of Renters Plan to Stay That Way - Daily News Article
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