Renting turns into signal of wealth as many decide in opposition to homebuying

A latest Redfin evaluation of U.S. Census Bureau, MLS and county information from 2019 to 2023 discovered that in 35 of the 50 largest U.S. metro areas, rich renters are taking up the rental market. Sure cities, together with San Jose, California; Raleigh, North Carolina; Orlando, Florida; Buffalo, New York; and Tampa, Florida, have seen a surge in rich renters in comparison with pandemic numbers.

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Renting turns into signal of wealth as many decide in opposition to homebuying

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