higher income Archives - Marketplace

High housing prices leave more would-be buyers renting

by Meghan McCarty Carino

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

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