Daren Blomquist Blomquist: “We are seeing some concerning affordability numbers for rents that indicate there is not much runway left in raising rents unless we see stronger wage growth kick in.”

IRVINE, CA—GlobeSt.com recently reported that buying a home is more affordable than renting in more than 54% of US markets, according to a report from ATTOM Data Solutions. However, the report also revealed that 64% of the population lives in markets that are more affordable to rent than buy, showing that homebuying will continue to be an uphill battle in 2018, the firm’s SVP Daren Blomquist tells GlobeSt.com. We spoke with Blomquist about what the report data says about the future of housing and multifamily.