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