Renting is in vogue. Regardless of the rhetoric, we have added over 1 million renting households since the housing bubble burst in epic fashion while losing home owners. What is interesting in spite of the rapid rise in home values is that many more households are becoming renters.
via The renting revolution: As home prices rise, the nation continues to add renters in lieu of home owners. Is this a temporary shift or something more permanent? » Dr. Housing Bubble Blog.
- 2013 Renting Trends: Mid-Year Update (apartmentguide.com)
- Top 10 priciest U.S. cities to rent an apartment (cbsnews.com)