mortgage

As home sales cool this fall, what will happen to home prices and interest rates?

Mortgage »

Rental demand will keep growing
Rental demand will keep growing © iStock

Rental demand will keep growing

Mohtashami expects that the rental demand curve will continue to be strong.

Homeownership is near a 50-year low, and consumers who either can't buy a home or aren't quite ready to buy have been flooding the rental market, which has boosted demand -- and rent prices.

The number of renters who spend more than half of their income on rent is projected to increase by at least 11% in 10 years, to 13.1 million people, according to research from Harvard University's Joint Center for Housing Studies and Enterprise Community Partners.

advertisement

Show Bankrate's community sharing policy

Connect with us