Renters now outnumber owners in key U.S. cities. Is the real estate industry paying attention?

By: ameer@trustedteam.com

In cities across the U.S., the scales have tipped, and most of the real estate industry hasn’t noticed. More than 44.5 million households in the United States are renter-occupied, accounting for 35 percent of all homes. But in many of the country’s most economically influential metros, that number isn’t 35 percent but the majority.

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