A recent Mortgage Bankers Association (MBA) chart of the week took a look at the change in single-family homes for owner-occupied versus renters during the period of 1987-2017. Their data found that while 1987-97 saw a 90% growth in owner-occupied, a major shift occurred beginning in 2007.
“Falling home prices and rising rents tend to bring some owner-occupied units into rental tenure, while rising home prices and falling rents draw some of the single family rental stock back into owner-occupation over time…however, both rents and prices have been rising, reflecting demand for both tenures.”
Click here to read more on MBA.org.
