Long-Term Renters Tend To Stay Where They Are

Not everyone puts homeownership on their priority list. Long-term renters (those who have been renting for more than a year) are opting out of the home-buying game for a variety of reasons, from a desire for mobility to simply not being able to afford a home purchase. According to the Zillow Group Report on Consumer Housing Trends, many renters are staying in the rental market for longer than they planned. The report also notes that the longer someone rents, the more likely they are to stay put.

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