Rent Smart In NYC: Zillow's Data-Driven Insights For Savvy Renters - mail
A measure of the typical observed rental market engagement across a region.
Web64% of recent renters considered buying when they were looking for a home to rent, especially gen z and millennial renters.
If mortgage rates fall, nearly half of renters said they would be very or extremely likely to buy.
Webleveraging data collected from about 5. 6 million homes listed for rent between june 2023 and may 2024, zg has come up with key insights for rental upgrades that are taken by millennials and.
Webrents have outpaced wages in 44 of the 50 largest u. s.
Webzillow observed renter demand index (zordi):
Zordi tracks engagement on zillowβs rental listings to proxy changes in rental demand.
In new york city, rents grew more than seven times faster than wages last year β the largest gap in the country.
Wages caught up last year nationally and in about half of major metros.
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