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| Sponsored by Quicken Loans |
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| Changing Demand for Rentals Strains Supply |
| By Suzanne De Vita |
Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America's Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. Now demand, though largely out of necessity, is becoming motivated more by preference. Americans who can afford to buy a home, for example, are opting to rent. In 2016, 6.1 million (or 18 percent of) renter households brought in more than $100,000 a year, the report shows; in 2006, only 3.3 million (or 12 percent of) renter households earned $100,000-plus. ...
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A recent Gallup poll found that 63 percent of Americans worry about the quality of their drinking water—the highest percentage
