Office-to-apartment conversions have more than quadrupled in the past four years, according to a new study, which revealed that the reconstruction of office buildings into living spaces is expected to hit a new record in 2024.
Read More »Study Finds Millennials, Gen Zers Taking Longer to Leave Home
With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.
Read More »Midwest Ranked Most In-Demand Rental Region for October
Housing activity is still hot as the market transitions from peak rental season, with the Midwest dominating October’s top 30 list of cities with the most rental activity, landing 12 entries in RentCafe's rankings.
Read More »Home Seekers Turn to Increased Multifamily Inventories in Many Cities
Busy cities are abuzz with new apartment buildings, which are now going up at the fastest rate recorded in decades. This new report spotlights the regions where multifamily construction is surging to keep up with demand.
Read More »Baby Boomers, Millennials Lead the Nation in Solo Renting
A new study from RentCafe revealed renting alone has become an increasingly popular trend, with baby boomers making up the largest population of renters living alone in the U.S. followed by millennials, as the number of solo renters reached a record high of 17.7 million in 2020 and continues to grow.
Read More »Nationwide Construction Boom Expected to Remain High Until 2025
While millions of units are expected to be developed in the coming years, developers are expected to open 460,860 rentals by the end of December. However, a new RentCafe study revealed even that may not be enough to keep up the pace with surging nationwide rental demand as more and more Americans opt for renting over buying.
Read More »Florida Markets Remained Fairly Competitive During Peak Rental Season
Rental market competition was moderate this summer compared to last year, according to a new RentCafe study, with Miami named the most competitive rental market during peak moving season, while two other Florida markets also topped the top 10 list.
Read More »Renters Raising Families Eyeing the Lone Star State
RentCafe has examined the top U.S. cities that renters with families are settling down in, and of the estimated 68 million Americans raising children while renting, the South overwhelmingly provided them with the best options.
Read More »Multifamily Gains Lead Housing Construction Boom
By conservative estimates, up to 1 million multifamily homes are in the pipeline to be completed soon, giving those who are locked-out of the purchase market other options to live.
Read More »Study Reveals Renters’ Most Desired Locations
RentCafe's August Rental Activity Report revealed Arlington, Virginia was named the most sought-after city by renters for the second consecutive month, while New York City boroughs like the Bronx and Queens trailed closely behind.
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