Thank the ‘burbs for renting levels

suburbiaBy Laura Kusisto | The Wall Street Journal

Renting is less and less confined to the high rises of Manhattan or brick-apartment blocks of downtown Chicago and spreading further into the single-family homes of the American suburbs.

Nearly 22 million more people were renting in the 11 largest metropolitan areas around the U.S. in 2014 than in 2006 and much of that increase was driven by the growth in suburban renters, according to a new report from New York University’s Furman Center, which studies real-estate and urban policy, and Capital One.

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