Rent Will Remain Too High for the Foreseeable Future
Source: The Atlantic

Homeownership rates, which peaked in 2004 at 69.2 percent and plunged in the wake of the housing bust, extended their decline in the first quarter of 2015, dropping to 63.7 percent, according to new U.S. Census Bureau data. New household formation has surged in recent months as more young people move out, but a lack of supply and very low rental vacancy rates have all led to strong rent increases. During the first quarter, median U.S. rents hit $799, up 4.5 percent from fourth quarter 2014. That's the biggest quarter-on-quarter jump since 2006