Reported 11 months ago
As home prices rise, housing affordability is becoming a challenge for potential buyers, leading some to give up on homeownership according to Kinloch Partners CEO Bruce McNeilage. McNeilage discusses the build-to-rent market as an alternative, mentioning that people may not re-enter the housing market until mortgage rates drop to 5.5%. With the industry 98% leased, he anticipates a longer renting period ahead. The discussion also touches on market trends, demographics of renters, and the evolving rental housing landscape.
Source: YAHOO