Why renting is up and homeownership is down in "affordable" Cleveland
Share Now on:
In the years after the housing bubble burst, rentals became more common in almost every major U.S. city, according to a recent study by Marketplace and APM Research Labs. That increase includes cities like St. Louis; Charlotte, North Carolina; and Saint Paul, Minnesota, that have long been thought of as affordable places to buy a home. We look at what drove the rise of renting in one such city — Cleveland — and what decline in homeownership says about its economy.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?