Mark Worley

2 months ago | yieldpro.com | Mark Worley |Sheharyar Bokhari |Mary Radcliffe |Kaleigh Rogers

Over a third of U.S. renters have lived in the same home for at least five years—up from 28.4 percent a decade ago according to a new report from Redfin. Economic fundamentals are likely a strong contributor to the ebb in move outs. In June 2022, consumer sentiment was at the lowest level recorded since 1966. The record-breaking University of Michigan Consumer Sentiment Index came in even lower than that during the Great Recession of 2008.