The American dream of homeownership has shifted: Realty exec.
December 4, 2023
“The build-to-rent market is probably the fastest-growing segment in the housing business and also in all of real estate,” Kinloch Partners co-Founder @BruceMcNeilage says. “We are doing really well.” pic.twitter.com/uVf9m8IgXs
— Yahoo Finance (@YahooFinance) December 1, 2023
Without a Full Understanding of Homeownership Costs, Residents Cannot Make Good Financial Decisions.
If your analysis still prizes these three metrics above all else, prepare to be outmaneuvered.
Renting a brand new house offers several advantages, including minimal maintenance, modern amenities, and the potential for higher rental rates, while also avoiding the upfront costs and responsibilities of homeownership.
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.
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:
