The Undersupplied U.S. Housing Market: A lack of inventory stifles homebuying and pushes prices higher – positives for the rental market.
The Undersupplied U.S. Housing Market: A lack of inventory stifles homebuying and pushes prices higher – positives for the rental market. Despite the Pandemic, the for-sale housing market has been “hot” with existing home prices in November up 8% from year-ago levels1. It should be even hotter. Barbell demographics of retiring baby boomers and a growing pool of 30-somethings should be driving sales of single–family homes at a more robust clip. Further, mortgage rate drops typically pull demand forward, and […]
Well-Heeled Renter Households Soar: The Combination Of Lifestyle Choices And High Barriers To Homeownership Has Led To Booming Growth In Middle- And High-Income Renter Households.
Well-Heeled Renter Households Soar: The combination of lifestyle choices and high barriers to homeownership has led to booming growth in middle- and high-income renter households. In the first eight years of the expansion, the pool of middle- and high-income households increased by more than 8 million. The growth rates were particularly impressive for high income […]