Renters Are Casting a Long Shadow Over the Housing Market In recent years, the US housing market has been characterized by two distinct trends: skyrocketing prices in certain regions and relatively affordable markets in others.
According to Zillow's latest data, rental demand is shifting away from pricier cities on the East and West coasts toward more affordable markets in the South.
Cities like Buffalo, New York; Chicago; and Houston have become magnets for out of town renters due to their lower median prices compared to the national average.