When the Great Recession sent scores of Americans out of their homes and Millennials began to move out on their own, renting took off in the early 2010s.
By the mid-2010s, 111 million people were renting in the US, according to RENTCafe.com.
Then, for the first time since 2004, the number of renters declined in 2016, ticking down 0.1%, according to RENTCafe.com. Since then, the renter population has been on a downward trend, decreasing by 1% in 2019.
Read more...We’re On Track to be a Renter Nation Again via GlobeSt