"Investor Surge in Rental Market Outpaces Home Buying"
Wealthy Americans are increasingly opting to rent high-end apartments instead of buying homes due to high mortgage rates, record home prices, and attractive rental deals. The surge in apartment construction has led to numerous discounts and amenities, making renting a more appealing and cost-effective option for those with higher incomes. This trend is expected to continue until the current wave of apartment construction slows down around 2025-2026.