Millennials are delaying home ownership. The result is an extended rental trend among 25- to 34-year-olds that is fueling real estate opportunities of its own. The group, which is the nation’s second largest generation, is starting to form new households, but unlike past generations, that doesn’t mean buying a starter home. Weak job growth and … Continued
Perhaps the main new reality is that homeownership isn’t as easy to attain as it has been during most of the decades after World War II. For a lot of people, the money isn’t there, because the American economy simply doesn’t offer as many well-paying jobs as it used to. Less fundamentally—and probably easier to … Continued
When Waypoint buys a new home, its managers use a checklist to make sure all of the features of the home function smoothly and to replace systems like roofs or plumbing, if necessary. For example, can the home provide hot water to a washing machine and two bathrooms at the same time? Waypoint also checks … Continued
No question, renters were waiting in the wings behind homeowners all across the nation. From 2005 to 2013, the number of occupied single-family rental properties jumped from 10.5 million units to 14.2 million units, the Urban Institute reports, citing American Housing Survey data.
The National Rental Home Council (NRHC) today announced its inaugural Board of Directors and Officers, an important milestone as the Council expands its work to educate, communicate and advocate on behalf of the professionally managed single-family rental home industry.
A couple of weeks ago RealtyTrac issued a report on the best markets for buying rental property in 2015 based on fair market rents for the year set by the U.S. Department of Housing and Urban Development and the most recent median home price data from RealtyTrac sales deed data.
Large cities have changed in one huge way since 2006. According to a new report released Monday by New York University’s Furman Center, renters now make up the majority of residents in almost every major metro area in the country. Less than a decade ago, this was not the case.
American cities—and not just the priciest ones—are more and more the domain of renters. Renters made up the majority of the population in cities at the core of nine of the nation’s 11 largest metro areas in 2013, a sharp change from 2006, when renters were the majority in just five of those cities, according … Continued
NRHC members are critical partners in helping restore neighborhoods, renovate blighted homes, stimulate local economies and spur job creation locally. However, critics have recently used misperceptions about renter demographics to suggest that renters don’t make good neighbors. We want to set the record straight.