With the future of dense, urban living in question, CNBC interviewed Invitation Homes CEO Dallas Tanner about the suburban boom and the demand for rental properties amid the recent recession. Prior to COVID-19, 48 million households were leasing properties. As roughly 65 million Millennials in the U.S. start to consider buying homes, it is predicted that more of these buyers will be drawn to renting’s attractive flexibility. The demand for single-family home rentals was high before, but now the demand continues to grow, as proven with higher application requests.
The flight to the suburbs is real and growing as coronavirus changes the way people live. Suburban housing is seeing an uptick and leaving the future of dense metropolitan areas in question. Dallas Tanner, CEO of Invitation Homes, joins “Squawk on the Street” to discuss the trend.
Advertisement
Related Stories
Sales
Sales and Texting? Know the Rules
Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices
Affordability
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Market Data + Trends
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand
