🖤 Donations of all sizes power our public service journalism Give Now

High housing prices leave more would-be buyers renting

Dec 31, 2021
The share of rental applications from young people with above-average incomes spiked 20% in 2021. The shift is rippling through the market.
As younger, higher earners stay in the rental market longer, it can limit their chances to build wealth and price out lower-income people.
Justin Sullivan via Getty Images