Excellent Article On Millennials Rental VS Ownership Habits (CNBC)

Tuesday Jul 16th, 2019


KEY POINTS Apartment demand in the second quarter of this year spiked 11% from a year ago. That pushed rents up an average 3% nationally to $1,390 per month, according to RealPage, a real estate software and analytics company. Despite the increase, a record 82% of renters say renting is more affordable than owning, according to a new survey from Freddie Mac, up from 67% just a year ago. In the D.C. suburb of Chevy Chase, Maryland, a massive apartment rental and... [read more]