WASHINGTON, D.C.: An increasing number of researchers expect the demand for rental apartments to keeping growing for more than a decade.
“A rental surge is coming,” according to a new report. “Over the next 15 years, new renters will outnumber new homeowners, causing a sustained surge of rental housing demand that will significantly affect Millennials, seniors and minorities, and expose important gaps in our current housing policies,” said the report.
The homeownership rate will continue to fall as a clear majority of new households move into rental housing…