John Burns Real Estate Consulting says the own-versus-rent cost gap is near historic highs, lifting retention and absorption for urban rentals. Many households that might buy are opting for single-family rentals or BTR, keeping demand strong in amenity-rich, inner-metro locations.
Source: https://www.orionprop.com/topfive/renters-flock-to-cities-while-buyers-turn-to-the-outskirts/