Rental Demand Continues to Surge Across United States
2014 is shaping up to be the year when renting an apartment became a more popular choice than owning a home.
According to a June 20 CNBC article, the national apartment occupancy rate continued to soar throughout the month of May, reaching its highest level in six years. An amazing 95% of apartments across America are currently occupied -- and developers are rushing to construct more to meet demand.
Americans' gravitation toward renting an apartment rather than buying a home marks an important shift away from the traditional "American dream," in which everyone was expected to own a home to be considered successful.
“The American people believe that the country’s housing environment is changing,” a MacArthur Foundation report called “How Housing Matters: The Housing Crisis Continue...