Harvard University noted in a recent study a variety of factors contributing to this shift on a national level. Gains in the real estate and financial sector have led to more than 43 million families and individuals choosing to rent their home — a record-breaking jump of approximately 9 million in the last decade. Societal trends may account for part of the surge in renters, as the latest U.S. Census illustrates a high number of Dallas’s population is between the ages of 20 and 29. Millennials are statistically likely to marry and have children at an older age, and groups of unmarried individuals or those earning less than $25,000 per year have seen the highest movement towards renting a home over the last ten years, notes Marcus Hiles.

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