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Photo of Sara Hines Sara Hines of JLL

An analysis by JLL finds that the DC area’s renter pool will increase as home prices continue to rise and the time it takes to accumulate a down payment continues to lengthen.

As a result, renters today have been slower to make the jump to homeownership than they were before the recession and housing crisis, Senior Research Analyst Sara Hines writes. In DC, renters grew from 52.1% to 55.4% as ownership fell 110 basis points, while in both Northern Virginia and Suburban Maryland homeownership fell by 170 basis points with homeownership at 62.6% and 62.5%, respectively.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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