Study: Renters’ Rise Extends Beyond Cities to the Suburbs
New York — In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study. About 29 percent of metropolitan-area suburbanites were renters in 2014, up from 23 percent in 2006, according to a report released Tuesday by New York University’s Furman Center real estate think tank and the bank Capital One. The finances of home ownership since the...
Report Finds More People Are Renting, Rather Than Buying, Homes
Washington — The majority of American households still own their homes, a fact that will remain true as far into the future as demographers and economists can see. But the balance of homeowners and renters has been shifting in the U.S. in ways that have already altered the demographics of renting, the affordability of rental housing and the kind of new housing we build. This shift, underway since the housing bust, is flipping...
Homeownership Rate Expected to Keep Falling
By Emily Badger The Washington Post Washington — The homeownership rate in the U.S. has been tumbling since the height of the housing boom. Fewer people own their homes — because foreclosures claimed them, or because the housing bust taught everyone to be wary, or because the economy ensured that families who might have bought in the past can’t afford a home today. For a lot of reasons, though, this trend is not temporary. It won’t...
Report: Rent Unaffordable For 1 in 4 U.S. Households
Washington — More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That’s the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. The number of such households has jumped 26 percent to 11.25 million since 2007. Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly...
