Large Cities See Rise in One-Person Households

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According to recent census data, the share of single-person households has been significantly rising in America’s largest cities.  A recent report from Point2Homes (a division of Yardi) says that residents from established urban areas are increasingly living on their own.  Indeed, there is also a multiplying effect:

“The high, and increasing demand for housing in some of the busiest, densest American cities sends both home prices and rents into the stratosphere, pushing out many of the residents who can no longer keep up; this leads to a more scattered workforce and to cities losing their sense of community and continuity.”

Click here to read the full story at Point2 Homes.

 

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Director of Education & Outreach, National Real Estate Investors Association

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