The next 10 years may bring five to six million new renter households. Or at least that’s what a recent infographic by the Bipartisan Policy Center is saying. So in the midst of a recovering housing market, why the shift toward a rise in rentals?
Although housing starts are up, construction will take some time to complete and the low inventory of houses may push many potential homeowners to consider renting.
“There is clearly an unmet demand for homeownership among young households,” Barry Zigas, director of Housing Policy for Consumer Federation of America, told HousingWire. “Those households are running up against a number of constraints.”
Factors such as tighter credit, larger down payments and decreased income with the rising generation will all play into the increase in renters in the years ahead.
Read more...Small housing inventory may push rental demand for years | REwired
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.