Priced-Out Homebuyers Snapping Up Rental Units, Recruiting Roommates

October 23, 2023 Kyle G. Horst

"With a record number of new units coming onto the market driving rent prices down, those who may have given up hope of homeownership may be able to leverage more affordable rental options—including downsizing to a smaller unit or considering a roommate for the near term—to help build savings for a future home," said Jiayi Xu, Economist at Realtor.com.

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Priced-Out Homebuyers Snapping Up Rental Units and Getting Roommates to Save For Homes
Priced-Out Homebuyers Snapping Up Rental Units and Getting Roommates to Save For Homes

"With a record number of new units coming onto the market driving rent prices down, those who may have give...