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2017-05-15 Half of America's Largest Cities are Majority-Renter | By: Fellow GDREIA Members

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Half of America's Largest Cities are Majority-Renter
Brad Beckett-- Real Estate Investing Today 

A recent article by Bloomberg cites research
provided by RedFin and the U.S. Census Bureau (and other sources) showing that in 2015, fifty-two of the nation’s 100 largest cities were majority-renter.  In fact, twenty-one of those cities shifted over to the renter-majority column since 2009 alone.  With a shortage of homes on the market it is understandable that renting is taking a greater share of the market, but is that the only dynamic at play?  Bloomberg suggests that the American Dream now increasingly involves a lease, not necessarily a mortgage.

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