Housing Analyst Speculates 2015 Is Peak Renter Year

October 13, 2015

Renting has reached its peak, and homeownership rates will soon improve, according to the Oregon Office of Economic Analysis.

The vast majority of 20-somethings rent, but an analysis of the Portland, Ore., metro statistical area reveals that Americans aged 25-35 tend to set roots and buy a home. “In fact, age 35 in Portland is the point where half of the population rents and half owns,” the article says.

In a decade, many of the multifamily renters, the bulk of which are 20-somethings, are projected to own a single-family home. As Americans this age represent a large share of demographics, the number of renters will decline.

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