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

Jobs, Good Jobs, and Home Buying

By John McManus Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today,

Housing Market

New-Home Sales Up for Fifth Straight Year

By Frank Nothaft Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly

Housing Market 0 Comments

Is The Housing Recovery Over?

There is currently much debate on the direction of the housing market. Did we bounce back off the bottom too fast? What inning are we in? 3rd? 6th? While there