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

          Connect with us
advertisement
advertisement

Blog

Stephen Pounds

World’s costliest home on market at $1.1B

For a cool $1.1 billion, you can own Villa Les Cedres (the cedars) in the billionaires' holiday town of Saint-Jean-Cap-Ferrat, near the city of Nice.  ... Read more

advertisement

Connect with us