US Will ‘Become A Renter Nation' Says Real Estate Investor

  • 19th May'21
  • 118
  • 2
  • 0

Rising home prices keep possible buyers away from homeownership, and some, Real estate investing investors say this could be good for the rental market. High demand, low supply, and low mortgage rates have raised property prices to historic highs this summer. And for every $ 1,000 price boost, roughly 150,000 potential buyers are priced out of the home investment to keep them in the rental market.


Real Estate inner Image


How will the US become a renter nation?

High demand, low supply, and low mortgage rates have driven up home prices to historic highs this summer.  “Renting will become the economical choice and the desirable choice again.” in the words of Real investing Investor.

Homeownership is still dead in this country because the only people that are buying homes are the ones who are aware of the trend in a smart home right now are people that have equity, great credit, and a job,” a multi-family housing investor.

Home prices usually decline in the fall, but median home prices fluttered near summer highs at $350,000 last week, up 12.9% for the week ending October 3 correlated to the same time previous year 

“If you keep pushing prices, you’re pricing people out. There’s no way around that,” said Ali Wolf, chief economist at Meyers Research, a California-based market data company.

Meanwhile, rent prices slide this summer, For hit the trend in the real estate industry that evokes making flats even more desirable and feasible for Americans during the pandemic. The national median rent price for a one-bedroom apartment was below 0.1% from last month to $1,231, according to Zumper, following a summer of hampered rent prices.


Real Estate image


Read the below articles to know more about it: 

Are Investors Turning Us Into a Nation of Renters?

Thanks to a new Wall Street strategy, big investors are buying huge numbers of single-family homes and converting them to rentals. In just the last two years, investors have bought more than, Read More. 

The US will ‘become a renter nation,' says real estate investor – Yahoo Canada Finance.

Meanwhile, rent prices slid this summer, making apartments even more desirable and attainable for Americans during the pandemic. Read More. 


We, at OpenGrowth, are committed to keeping you updated with the best content on the latest trendy topics from any major field. Also, both your feedback and suggestions are valuable to us. So, do share them in the comment section below.


Contributor: Beauty Kamari

An eloquent individual loves to express a myriad of topics through her words. She is ready to take any professional challenge head-on and give her best to any project entrusted to her. She wants to adversely impact her writing and build a career out of her passion.


*Note: The content published above was made in collaboration with our members.

About the author:

Usha Gwale (Editor), Super admin

An enthusiastic and professional towards achieving the best. Focused and centered on career objectives. completed post-graduation in rural planning and management. Adaptive towards accepting new skills and experience and now exploring my interests with the organization by becoming an intern.

Post Your Comment