A recent article in the Wall Street Journal (and posted on Realtor.com) says Rising homeownership among millennials is affecting the rental market, which has declined after a long run over the past 7 years. In fact, they cite Homeownership rising to its highest levels since 2014 which is causing analysts & investors to wonder whether the good times might be over for the rental market.
“For most of the current economic expansion, declining ownership rates have enabled landlords of apartments and single-family homes to raise rents far faster than the pace of inflation. Demand has been fueled by the millions of people who haven’t had the money, credit or desire to pursue the traditional American dream.”
