Within the next 10 years, 5 to 6 million new renter households will be created, according to data from the National Association of Realtors.
Since housing crashed in 2008, renting households have jumped to a surprising 38 million, a number that is expected to continue rising to 41 million in the next two years, according to the U.S. Census Bureau.
In fact, only half of renters say they plan to own a home within the next five years. So what is behind this recent push in renting and why are experts confident it’s here to stay?
Read more...Are renters here to stay? Spoiler alert: Experts say yes | HousingWire