Renter Population Outpacing Homeowners
Date postedSeptember 4, 2024
The cost of owning a home is impacting the greater population. Redfin reports the number of renter households grew by 1.9% in the second quarter of 2024 compared to homeowners, who increased by 0.6%. According to the study, asking rents are up 23% from before the pandemic compared to mortgage payments, which are up 90%.
(2024, August 28.) Renter Population Outpacing Homeowners. The National Apartment Association.