Executive Summary

More than two years into a global pandemic, the housing market continues to witness  unprecedented shifts: recent weeks and months have seen skyrocketing interest rates, a softening buyers’ market, and climbing rents. While many of these changes are reshaping the homebuying process and renters’ plans and preferences, many renters’ behaviors, intentions, and preferences have remained relatively stable over the last year. Amid the flurry of external change, much of the rental market remains following the pandemic-catalyzed new ‘normal.’ 

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