Large US cities shifting from ownership to renting

Large US cities shifting from ownership to renting

According to the latest report by the U.S. Census Bureau, home ownership through mortgage has retreated in most large U.S. cities in 2015.

The statistics show that 52 out of the 100 biggest cities in America were dominated by renting in 2015, noting that 21 of them shifted from ownership to rent since 2009.

The largest shift towards renting was depicted in Atlanta, as ownership tumbled from 51.2 percent in 2009 to 43.6 percent in 2015.

Three reasons could be behind the major change from ownership to renting: The financial crisis that hit markets in 2008, tight house market conditions and demographic changes.


Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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