More people opting to rent - Fox29 WFLX TV, West Palm Beach, FL-news & weather

More people opting to rent

WEST PALM BEACH, FL (WFLX) - There's a new trend in the real estate market.

Renting proves to be much more appealing than buying these days.

New, U.S. census numbers reveal at least one in four occupied-homes from Jupiter to Boca Raton is a rental.

As housing prices continue to fall, more and more potential buyers are opting to rent. "We've got a lot of clients who say they want to buy, they plan to buy, but they're renting at this point to see what happens," said rental company Damien Barr.

Real estate experts said on average there are 5,000 properties available for rent at any time in Palm Beach County. If they're in good condition, they're rented in less than 30 days.

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