About 6% of new single-family homes are built for the purpose of being rented out, which would yield roughly 700K new single-family units being constructed over the next 10 years, a number well short of current demand, according to RCLCO Real Estate Advisors
The all-in-one online rental listing service says the integration has the potential to connect MLS member agents and brokers with a millennial rental market that could yield $12 billion in annual rental commissions
Stagnant wage growth, rising home prices and memories of the last recession are keeping millennials on the sidelines
Millennials could save money and baby boomers could fill empty space
Zumper subsidiary receiving fresh look and easier crossover between websites
Avvo reports renters are generally satisfied but wish housing costs were cheaper
Zillow reports 9 percent of US millennials are living alone – a figure that has been declining
Significant rent growth not expected this year, putting some ice on the bruise
Age, city, income and education all play role in Gen Y's decision to buy a home