Renters Are Staying in Their Homes Much Longer

Renters are opting to renew leases and stay in their homes much longer than ever before. In fact, according to research from Redfin, 1 in 6 renters are now living in their homes for 10 years or more! Why are folks not moving as often as they used to, and how could this impact today’s real estate market and the housing market that could develop into the future?