Daily Real Estate News
The renter population is expected to only get bigger in the next 15 years and will likely exceed new home owners by millions, according to a newly released report by the Urban Institute, “Headship and Homeownership: What Does the Future Hold?”
Between 2010 and 2030 – the year millennials are to reach peak homebuying age – new renters will exceed new homeowners by 4 million, according to the report. Broken out, the report estimates 13 million renters to 9 million homeowners by 2030.
