Declining Homeownership Rate May Create Older, Wealthier Rental Pool

A growing wave of older and wealthier households is poised to enter the rental pool, according to market research firm Property and Portfolio Research (PPR). While those aged 35 to 54 are typically in their prime homeownership years, the decline in homeownership rates and household wealth for this age group, combined with mounting job losses and tighter underwriting standards, will likely push more of them into rentals. More

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