With home ownership in the U.S. at its lowest rate since 1965, and renting nearing a 50-year high, cities are building more multifamily properties. Here & Now‘s Jeremy Hobson interviews property management professionals in the Houston and Cleveland areas for their perspective on the latest trend. He also talks to Svenja Gudell, chief economist for the real estate database Zillow, for a look at how rent growth is going up in some of the top cities and what impact more renters will have on the economy.
Listen to the story on WBUR’s Here & Now.
From:: Property Management