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Industry Articles

Where’s the most-affordable city in America? Look no further than Plano

Melissa Wylie, Dallas Business Journal
May 21, 2015

In a new study, the personal finance website NerdWallet dubbed Plano the most affordable place in America when comparing median household income to the average cost of living.

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Renters Are Majority in Big U.S. Cities

Laura Kusisto and Kris Hudson
February 9, 2015

American cities—and not just the priciest ones—are more and more the domain of renters. Renters made up the majority of the population in cities at the core of nine of the nation’s 11 largest metro areas in 2013, a sharp change from 2006, when renters were the majority in just five of those cities, according to a new report. Cities have always had a larger number of renters when compared with suburban areas, in part because the cost of owning a home within a city’s limits is out of reach for many residents, especially in high-cost places such as New York, San Francisco and Washington, D.C.

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Four in 10 Millennials Say They Feel Overwhelmed by Debt, Poll Finds

Jim Puzzanghera
June 10, 2014

“Four in 10 members of the millennial generation said they felt overwhelmed by debt, with more than half reporting they were living paycheck to paycheck, according to poll results released Tuesday.”

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Eight in Ten Millennials Say Great Recession Taught Them to Save “Now,” Wells Fargo Survey Finds

Wells Fargo
June 10, 2014

“As millennial Americans have experienced the effects of the Great Recession of 2008, a strong majority (80%) say it has taught them they have to save “now” to “survive” economic problems down the road.”

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10 Reasons It’s Better to Be a Renter

Niccole Schreck
May 28, 2014

“About three in five adults believe renters can be just as successful as homeowners at achieving the American Dream, and more than half believe buying a home has become less appealing in recent years, according to a 2013 survey of more than 1,400 people by research firm Hart Research Associates.”

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Impact of the Futon Generation on Housing

CNBC
May 1, 2014

Housing Blueprint: Honey We’ve Shrunk the Family!

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New-Home Building Is Shifting to Apartments

Conor Dougherty
March 9, 2014

Share of Housing Construction as Rental Apartments at Highest Level in at Least Four Decades

“That shorter-term growth in rental demand is combining with long-run demographic trends that are expected to continue to tilt U.S. home construction toward “multifamily” units, a category that includes everything from garden-style apartments to towering condominiums. The baby-boom generation is moving into retirement and empty-nesthood, prompting many to downsize to smaller quarters. The generations behind them, meantime, are having fewer children, later in life, so need less space.”

“Take Devon Stansbury, 24, who graduated from the University of Cincinnati in 2012. Ms. Stansbury has moved four times over the past few years, living with her parents and roommates before settling in her own one-bedroom apartment in Dallas’s Galleria district. Like many in her generation, Ms. Stansbury believes she will continue renting into her 30s.

“I see [renting] for five years at the very minimum, maybe even up to 10,” Ms. Stansbury said. “I am single, just focusing on my career. If something goes wrong here, maintenance will take care of it. And I feel safe.”

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Downsizing Baby Boomers Means Big Boom for Multifamily

Tim Blackwell
February 6, 2014

“The U.S. Census Bureau projects that the nation’s older population will double to 71.5 million by 2030 as Baby Boomers start to turn 65 in two years. If one percent of that population turns from home ownership to rental, that’s nearly 720,000 new renters coming into the market, Bibby says.”

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Millennial generation key to housing market future

Alicia Canales
January 26, 2014

“Because they desire flexibility, Millennials tend to favor rental homes versus owning a home. Orr said this also could result from Millennials — “ today’s 20- and early 30-somethings”  — dealing with student loan debt and seeing their parents struggle with home ownership.

In general, single family rental homes have increased, Orr said, and the rental rates will most likely rise.”

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Aging Boomers to Boost Demand for Apartments, Condos and Townhouses

Ben Leubsdorf
January 7, 2014

“As the boomers get older, many will move out of the houses where they raised families and move into cozier apartments, condominiums and townhouses (known as multifamily units in industry argot). A normal transition for individuals, but a huge shift in the country’s housing demand.”

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America’s Rental Housing: Evolving Markets and Needs

Joint Center for Housing Studies of Harvard University
December 31, 2013

The Resurgence of Renting

“Reversing the long trend in home ownership, American households have increasingly turned to the rental market for their housing.”

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Renting Prosperity

Wall Street Journal
May 4, 2012

“Americans are getting over the idea of owning the American Dream; increasingly, they’re okay with renting it.”

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What Happens to the Housing Market When the Investors Leave?

Robert Dietz
May 3, 2013

“A key demographic impact of the housing and economic downturns of the last few years has been a reduced rate of household formation. While the nation’s population has continued to grow, the number of independent households – both renters and owners – has not kept pace.”

“The number of renting households in single-family homes grew by 2.5 million (22 percent), while more traditional renting households in multifamily units were up almost 7 percent. (Declines in homeowning households are particularly concentrated among those 44 or younger.)”

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Multifamily Housing Growth Poised to Continue in 2013

Robert Dietz
February 3, 2013

“This trend has translated into a lot of potential in household formation—as many as two million future households according to some estimates, with most of them expected to become renters as economic and labor market conditions improve. The result for the building industry has been an increase in the demand for rental units, which in turn has reduced rental vacancy rates and driven demand for multifamily construction.”

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Generation Rent: Slamming Door Of Homeownership:

Scott Neuman
June 7, 2012

Neal Coleman and his wife, Rachel, are both in their mid-20’s and attend graduate school at Indiana University in Bloomington, Ind. They say renting makes more sense for them and their young daughter until their family is a bit more settled.

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