CBRE reports that 1.8 million renter households nationwide can no longer afford median-priced homes due to high mortgage rates and soaring prices. The widening affordability gap is boosting demand for rentals, with occupancy rates expected to remain strong and rent growth likely to accelerate as supply and demand rebalance.
Source: https://www.connectcre.com/stories/the-gap-between-renters-and-home-ownership-affordability/
