Millennial Home Buyers Send a Chill Through Rental Markets

WSJ

By Peter Grant and Laura Kusisto

Rising homeownership is adding to the jitters in the residential rental market, which has slumped recently after a long stretch near the top of the commercial real-estate industry. 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.

Read More

Previous The New Home Company Named Fastest Growing Public Company in Orange County
Next New Haven in Ontario Ranch Is a Top 5 Best-Selling California Community

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

SoCal Caps 2016 With Steady Home Price Growth And Modest Sales Gain

By Andrew LePage Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record

Housing Market

Lots: Builder’s Two Big Questions in 2017

Two difficult questions confront home builders and residential developers amid the uncertainty of the moment, and we’ve been hearing them in the aisles and off the floor during the home

Housing Market

California Needs to Build a Staggering Nmber of Homes

It’s no secret that California is grappling with a housing shortage, but a new report quantifies how serious the problem is. Developers are building an average of 80,000 new California