Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership. The rise
Sheharyar Bokhari is a Principal Economist and spokesperson at Redfin, where he leads housing market research and oversees the data published through Redfin's Data Center.
His research covers luxury real estate, investor activity, climate risk, affordability in the for-sale and rental markets, and generational housing trends across the U.S.
Prior to joining Redfin, he created commercial real estate sale and rental price indices at the MIT Center for Real Estate. He holds a PhD in Urban and Real Estate Studies from MIT.
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership. The rise
Roughly 1 million more people moved out of than into U.S. metros with high risk from poor air quality in 2021-2022, while low risk metros
26% of adult Gen Zers owned a home in 2023, little changed from 2022. Meanwhile, the homeownership rate for millennials rose to 55% from 52%,
Empty-nest baby boomers own 28% of the nation’s large homes, while millennials with kids own just 14%. Empty nesters take up a lot of large
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month
San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels
U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership. The rise
Roughly 1 million more people moved out of than into U.S. metros with high risk from poor air quality in 2021-2022, while low risk metros
26% of adult Gen Zers owned a home in 2023, little changed from 2022. Meanwhile, the homeownership rate for millennials rose to 55% from 52%,
Empty-nest baby boomers own 28% of the nation’s large homes, while millennials with kids own just 14%. Empty nesters take up a lot of large
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month
San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels