Real Estate Articles

Half of America’s Largest Cities are Majority-Renter | By: Nicolas Zepeda

A recent article by Bloomberg cites research provided by RedFin and the U.S. Census Bureau (and other sources) showing that in 2015, fifty-two of the nation’s 100 largest cities were majority-renter.  In fact, twenty-one of those cities shifted over to the renter-majority column since 2009 alone.  With a shortage of homes on the market it is understandable that renting is taking a greater share of the market, but is that the only dynamic at play?  Bloomberg suggests that the American Dream now increasingly involves a lease, not necessarily a mortgage.

“Most low-income families don’t rent by choice, said Nela Richardson, chief economist at Redfin.  And plenty of higher-income households rent because they can’t afford to buy.”

Click here to read the full story on

Contact Us

New Orleans Real Estate Investors Association
  • (504) 584-4990
  • PO Box 8064
  • Metairie, LA 70011

Proud Chapter of National REIA


Stay updated with New Orleans Real Estate Investors Association.

Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.
Privacy Policy   -   Security Policy

Disclaimer  (New Orleans Real Estate Investors Association) does not give legal, tax, economic, or investment advice. New Orleans REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

Copyright 2024 © New Orleans Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.