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.
The National Rental Home Council (NRHC) today released a statement relating to a new report from RealtyTrac providing data on institutional investor home purchasing from 2012-2014.
It’s important to keep the purchase activity in perspective. According to data presented at the recent IMN Single Family Rental conference in Scottsdale, AZ, the largest 18 institutional SFR buyers account for roughly 1.2% of the current inventory of single family rental properties—about 172,000 of the 15 million homes being rented out today. That inventory, … Continued