American dream has changed, as people find renting easier, homebuilder says

April 20, 2024

According to data from Freddie Mac, 30-year mortgage rates have once again risen above 7%. As home prices continue to rise and inventory remains low, the potential for new homebuyers to afford a home dwindles. Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance to break down what higher mortgage rates mean for homebuyers and the overall demand for homes. McNeilage affirms his stance on why mortgage rates will increase: "I'm calling 8%. There is not enough supply out there. Supply and demand is working. The value and price of homes is just simply not going down. If anybody is waiting to get a house and can get a mortgage right now I would suggest they do so. If you can't do it and can't afford a house, there's opportunities to rent brand-new ones out there for folks. " He continues later on discussing how the American dream has changed: "It used to be you bought your house, you saved for retirement, you got a gold watch when you retired and moved to Florida, right? Those days are really over. People want experiences now. They want to be mobile. So I think a lot of people like the lock-and-leave lifestyle where they can move and just pick up without being tied down to a house and having to sell it. And so a lot of people are finding buying a brand-new house is much tougher and renting it is easier."

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Build-to-Rent Communities: The Rising Trend Offering Affordable, Convenient Living Without Homeownership

By Bruce McNeilage • March 31, 2025

Build-to-rent (BTR) communities, offering single-family homes specifically designed for renters, are a growing trend in the United States, providing an alternative to traditional homeownership, especially for those struggling with affordability or seeking a more convenient rental experience.

Why Renting is Becoming the New Normal: Exploring the Societal Shift Toward Rental Housing

By Bruce McNeilage • March 31, 2025

A societal shift towards renting houses, driven by factors like rising home prices, economic uncertainty, and changing lifestyle preferences, is impacting the housing market, with more people, particularly younger generations, choosing to rent over buy. Here's a more detailed breakdown of the reasons behind this trend:

Rental houses play a crucial role in society by providing housing options

By Bruce McNeilage • March 27, 2025

Particularly for those who cannot afford or prefer not to own, and by offering flexibility and affordability . They also contribute to economic stability and community development. Here's a more detailed look at the importance of rental houses:

Cities need rental houses

By Bruce McNeilage • February 27, 2025

Cities need single-family rental houses because they provide a housing option that offers more privacy, space, and a sense of community compared to apartments, catering to a diverse range of renters seeking a more detached living experience with access to a yard, while also helping to address housing affordability issues by providing alternative options to high-priced home ownership in certain areas; this is especially relevant for families, individuals with pets, or those who value quieter neighborhoods. Key points about single-family rentals: Variety of living needs: They cater to different lifestyles, including those who want a yard for gardening, families needing extra space, and people seeking a quieter environment compared to apartment complexes. Affordability: Can be a more accessible option for renters who cannot afford to buy a home, especially in high-cost housing markets. Community feel: Often located in established neighborhoods, providing a sense of belonging and community for residents. Flexibility: Allows for easier mobility compared to homeownership, as renters can move without the burden of selling a property.