US tenants stay in rented homes for longer'
Edited By WION Video Desk
Published: Jun 17, 2024, 05:10 IST | Updated: Jun 17, 2024, 05:10 IST
Amid soaring home prices and steep mortgage rates, a growing trend among millennials and Gen Z to stay in rental markets longer is reshaping the housing landscape. Reports indicate a significant decline in renters moving out to purchase homes, with just 9.4% of move-outs attributed to home purchases in the first quarter.
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