rent trends

Ghosts and ghouls of high-cost metro regions drive migration to Dallas.

Ghosts and ghouls of high-cost metro regions drive migration to Dallas.

Home sales company Redfin looked at migration from high-cost metro regions to cheaper markets. The Dallas region was on the top 10 list of U.S. cities where residents are going to find cheaper housing and living expenses, researchers with the residential brokerage company discovered. The largest share of newcomers to Dallas were from Los Angeles. Redfin stated that nearly a quarter of its own house searches in the Dallas area were people moving to the area.

An Infographic About Millennials

An Infographic About Millennials

Millennials suffer a lot of bashing, especially from property managers and landlords. Why? Well, they have the lowest percentage of home ownership, one of the highest percentages of rentership, and of course, the highest percentage of “living with the parents” versus every other generation.

One of the more startling figures in the below infographic is that average rent prices have gone from $500 in 2000 to $954 in 2018. That is almost double in less than 2 decades. The struggle is real, but the good news is that Millennials are hopeful for a brighter future.

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