From Investing.com: 2024-05-19 05:01:02

Bank of America’s survey predicts a potential surge in renters transitioning to homeownership in the next five years, impacting housing markets nationwide. Population declines in the Northeast and West contrast with growth in the South, where rental property markets may struggle to meet increased demand. Suburban housing and population influxes in Texas and Florida are expected, driven by younger renters planning to buy homes soon. Cities must adapt housing strategies for evolving demands and affordability as younger populations shift towards homeownership.



Read more at Investing.com: New survey suggests that current house renters could be buyers within five years By Investing.com