{"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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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}},"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,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2445"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2446"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}