The number of renters across the United States grew to just over 43 percent between 2006 and 2014, according to a new report by real estate site Trulia.com.
According to the survey, half of households in Las Vegas are currently renting, almost a full ten percent increase from the last ten years, NBC News reported.
More millennials between 26 and 34 — 67 percent — were renting rather than buying homes, the survey showed. The increase in men in the rental market was greater than women after the mortgage crisis. Minorities, especially Latinos, were having a hard time recovering from the mortgage crisis.
U.S. & World
A recent Bankrate.com survey found poor credit and lack of funds for a down payment were the reasons many American families rent rather than buy their own homes.