Home ownership, which peaked at 69.2 percent in 2004, is slowing. The falling-interest-rate environment over the last several years resulted in an actual decline in the number of rental units, which is a trend that is reversing itself now that rates have risen. The next few years should result in increased rents, although many apartment owners say that many of their tenants cannot afford to pay much more in rent.
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Inman Connect New York | January 29 - February 1, 2019