{"id":2445,"date":"2017-03-24T00:00:00","date_gmt":"2017-03-24T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/renters-now-dominate-in-half-of-cities\/"},"modified":"2017-03-24T00:00:00","modified_gmt":"2017-03-24T00:00:00","slug":"renters-now-dominate-in-half-of-cities","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/renters-now-dominate-in-half-of-cities\/","title":{"rendered":"Renters Now Dominate in Half of Cities"},"content":{"rendered":"

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Fifty-two of the 100 largest U.S. cities were majority renter in 2015, according to U.S. Census Bureau data. Since 2009, 21 cities had shifted to renter-rule. Renters now dominate in both hot housing<\/a> markets such as Denver and San Diego and more tame markets like Detroit and Baltimore.<\/p>\n

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Read more<\/strong>: Renters May Get Upper Hand in 2017<\/span><\/p>\n<\/blockquote>\n

The homeownership rate has fallen steadily for a decade as millions of foreclosures<\/a> prompted more owners to rent. Renting likely will continue to rise through 2030, due to demographic trends like aging baby boomers who are opting to downsize to rentals, noted a 2015 report from the Urban Institute.<\/p>\n

Also hampering the housing market in gaining the advantage: a shortage of homes for sale<\/a>. That shortage is making it more difficult for renters to buy.<\/p>\n

Many low-income families aren\u2019t renting by their own choice, says Nela Richardson, chief economist at the real estate<\/a> brokerage Redfin.<\/p>\n

\u201cWe don\u2019t have enough affordable supply in either rental or for-sale markets,\u201d Richardson says.<\/p>\n

Source: \u201cRenters Now Rule Half of U.S. Cities,\u201d National Real Estate Investor (March 23, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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Fifty-two of the 100 largest U.S. cities were majority renter in 2015, according to U.S. Census … Renters Now Dominate in Half of Cities<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,63,62,1285,12908,543,627,127,557,344,3781,1007,41,818,84,200,678,645],"class_list":["post-2445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-for-rent","tag-for-sale","tag-foreclosures","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-homes-for-sale","tag-housing","tag-housing-markets","tag-owners","tag-property","tag-real","tag-real-estate","tag-real-estate-broker","tag-rental","tag-renting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Mrk4vLDpu3g","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7691,"url":"https:\/\/amazingproperty.com.ng\/blog\/renting-population-drops-as-prices-bump-up\/","url_meta":{"origin":2445,"position":0},"title":"Renting Population Drops as Prices Bump Up","author":"Amazing Property","date":"January 4, 2018","format":false,"excerpt":"For the first time since 2004, the renter population decreased, according to the Annual Rent Report from ABODO, an apartment listing service. Still, renters continue to outpace owners, according to the report. There are about 43 million renters in the U.S., which is more than a third of U.S. households,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"2017 Rent Trends By State.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7965,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-it-still-a-good-time-to-be-a-landlord\/","url_meta":{"origin":2445,"position":1},"title":"Is It Still a Good Time to Be a Landlord?","author":"Amazing Property","date":"January 30, 2018","format":false,"excerpt":"The renter population is outpacing homeowners in many of the nation\u2019s largest cities. The most recent data shows a slowing rental market as homeownership rates continue to gradually recover from the recession. RentCafe, an apartment and house rental listing company, recently analyzed U.S. Census data to study the change in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Rentcafe Top10.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8063,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-are-getting-frustrated\/","url_meta":{"origin":2445,"position":2},"title":"Renters Are Getting Frustrated","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. But making the leap into homeownership is facing bigger hurdles as the market sees higher home prices and a shortage of homes for sale,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nar2018aspiringhomebuyers.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAR2018AspiringHomeBuyers.png?fit=447%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":692,"url":"https:\/\/amazingproperty.com.ng\/blog\/this-law-has-landlords-everywhere-worried\/","url_meta":{"origin":2445,"position":3},"title":"This Law Has Landlords Everywhere Worried","author":"Amazing Property","date":"February 9, 2017","format":false,"excerpt":"[ad_1] Portland, Ore., city council members want to put a stop to landlords sticking renters with higher rents. 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