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Hi Tim,
As remote work, rising interest rates, and inflation continue to upend housing markets in the U.S., the research team at Apartment List is leading the discussion on how rising costs impact affordability and influence generational sentiments on homeownership and remote work.
In case you missed it, check out what our research team’s been working on so far this year:
In case you missed it, check out what our research team’s been working on so far this year:
Our newest data product provides apartment vacancy rates back to 2017 for hundreds of locations across the U.S. at various geographic levels (national, state, metro, county, and city).
Rent prices nationally grew by 1.2% in May. So far this year, rents are growing slower than they did in 2021, but faster than in the years immediately preceding the pandemic. This report is updated with the latest data every month; our next update will be Tuesday 6/28 with data through June.
In the first quarter of 2022, 40% of Apartment List users were searching to move to a new metropolitan area and 27% were searching in a different state altogether.
Millennial homeownership lags previous generations - 60% of older Millennials who have hit age 40 own homes. At that same age, 64% of Gen Xers, 68% of Baby Boomers and 73% of Slients owned homes.
Members of Gen Z are roughly half as likely as Baby Boomers to say that homeownership is extremely important to their personal success.
Remote work declined in popularity throughout 2021, but only marginally. Last April, 51% of workers were working from home at least half the time, and by December, that share had fallen to 44%.
As of 2019, more than one-in-five workers employed in occupations that must be performed onsite lived in households that were “cost-burdened,” spending more than the recommended 30% of household income on monthly housing costs.
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