Americans increasingly find themselves squeezed by escalating rents, high homeownership costs and surging inflation.
in big cities like New York as some city dwellers gave up their apartments to live with parents or relatives.
"People with roommates started looking for their own place. There were some divorces, and people that huddled together in early lockdown era of pandemic all went off to try to their own space — and there was no inventory to meet them in the market," Popov said. He expects to see households consolidate again, to share the rent burden.
"People realized they had the opportunity to go someplace else while working from home, and they were not staying in their current location. But at the same time, because of thethis increased demand and has pushed rents up," said Selma Hepp, chief economist at CoreLogic, a provider housing market data and analytics.
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