Survey: Fewer renters becoming homeowners

Subprime lending crisis increases apartment demand

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

Consumer demand for apartments remains strong as the subprime mortgage meltdown has decreased the number of renters leaving to become homeowners, according to the National Multi Housing Council’s July 2007 Quarterly Survey of Apartment Market Conditions.