Renters are now outnumbering buyers in real estate markets in most large cities in the United States.
Fifty-two of the U.S.’s 100 largest cities now have more renters than buyers, and that number will only grow.
Between 2009 and 2015, 21 cities switched from having a majority homeowners to a majority of renters, Bloomberg’s analysis shows. Some of those cities include Detroit, Denver, New Orleans and San Diego.
And this trend is not stopping anytime soon. Bloomberg cites a report from the Urban Institute that says rentership across the U.S. will continue to increase through 2030.