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Renters staying longer in their homes, with 33.6% living in their current homes for at least five years.
Redfin's analysis of 2023 U.S. Census Bureau data shows that 33.6% of U.S. renters have lived in their homes for at least five years, up from 28.4% a decade ago.
Higher mortgage costs and stable rents post-pandemic have kept many from moving.
A record number of new apartments are also on the market, creating a favorable environment for renters.
Over a third of baby boomers have lived in their homes for at least 10 years, while over half of Gen Z renters live in their homes for less than a year.
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Los inquilinos permanecen más tiempo en sus hogares, con un 33,6% viviendo en sus hogares actuales por lo menos cinco años.