A new study out of Harvard shows that more renters will be buying their own homes this year. The report says there’s evidence that the homeownership rate is finally bottoming after 12 years and that homeownership will increase. That may sound like bad news for landlords, but according to this study, there’s no need to worry.
The 2017 State of the Nation’s Housing Report by the Joint Center for Housing Studies shows the number of renter households experienced a 12th consecutive year of growth from 2015 to 2016. The U.S. rental market added 600,000 renter households during that time. That represents a slowdown in growth, but the rental trend is still strong.
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