CMF Quote of the Week

“Monthly mortgage payments have nearly tripled over the past decade, preventing many renters from being able to buy a home.”
–Redfin Senior Economist Sheharyar Bokhari

Redfin: Renters Staying in Homes Longer

Redfin, Seattle, released a new analysis finding that over a third–33.6%–of renters have lived in the same home for at least five years.