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Jay Parsons: Share of U.S. renters planning to move drops from 56% in 2019 to 37% in 2026

Jay Parsons: Share of U.S. renters planning to move drops from 56% in 2019 to 37% in 2026
U.S. renter mobility falls sharply

Jay Parsons highlights data from the New York Fed showing that the percentage of U.S. renters planning to move within three years has fallen sharply, from 56% in 2019 to just 37% in 2026.

According to Parsons, the Federal Reserve attributes this shift to high mortgage rates and elevated home prices, which have likely made it harder for renters to transition into homeownership. He describes the change as wild, though perhaps not unexpected.

Parsons recently observed a large gap between macroeconomic data and robust apartment rental demand. He has also reported that apartment investors pulled back from Maryland suburbs after new rent control measures. Both trends highlight factors shaping U.S. renter behavior.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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