4 MARKETS WHERE RENTING HAS OUTPACED HOMEOWNERSHIP

March 23, 2017

Renting is on the rise. A Harvard University Joint Center for Housing Studies report said 1.4 million new renter households were formed in 2015, pushing the percentage of U.S. households that rent to 36.4%. That is the highest level since the 1960s, and the trend is so pervasive that even wealthy Americans increasingly prefer home and apartment rentals to homeownership.

 

Despite its growing popularity, renting still is not dominant in most U.S. cities. According to a recent Abodo study, there are over 400 urban areas in the U.S. with populations exceeding 100,000, but only 21 contain at least 50% renters.

 

From major cities like New York City and San Francisco to smaller college towns, here are four key markets where renting has outpaced homeownership in the U.S.

 

1. College Station, TX (59.1% Renters)

2. Los Angeles, CA (53.9% Renters)

3. San Francisco, CA (50.9% Renters)

4. New York City, NY (50.7% Renters)

 

Read Full Article

 

Share on Facebook
Share on Twitter
Please reload

Featured Posts

April's Book Tip: The Perfect Investment by Paul Moore

April 14, 2017

1/2
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

  • Facebook - White Circle
  • Instagram - White Circle
  • LinkedIn - White Circle

© 2018 BLD Capital Group - All Rights Reserved - Privacy Policy