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- The share of each state’s single-family housing stock used as rentals
The share of each state’s single-family housing stock used as rentals
Plus: Typical homeowner stays put for 12 years
🥳 Good morning! Happy Friday Eve.
Today's newsletter is 489 words — a 2-minute read.
1. Charted: The share of each state’s single-family housing stock used as rentals
According to BatchData, nearly 18% of America’s single-family housing stock is now rental, though the share varies widely by state.
The report also found that 89.6% of single-family rentals are owned by “mom-and-pop” landlords who hold between one and five properties.
2. Housing supply gap surpasses 4 million homes
The nation’s housing supply gap widened to an estimated 4.03 million homes in 2025, according to a new report from Realtor.com, highlighting persistent underbuilding amid strong household formation and sustained demand.
The deficit grew from approximately 3.8 million homes in 2024, underscoring a structural imbalance between supply and demand that has been building for more than a decade.
In 2025 alone, roughly 1.41 million new households were formed, compared with about 1.36 million housing starts, leaving the market short by nearly 50,000 homes in just one year.
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3. Catch up quick
🗳️ Here's who won in Texas' statewide office races. (Axios)
🥇 Texas tops rankings for corporate real estate investments. (CoStar)
🏠 Investors are accelerating home sales ahead of White House ban. (Parcl)
🚀 Real Brokerage posts $2B in revenue in 2025. (HousingWire)
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4. 16% of agents changed brokerages in 2025
Just 16%, roughly 230,000 agents, moved to a new brokerage in 2025, according to a report published Friday by Courted. That share was unchanged from 2024.
In total, agents who switched brands accounted for 15% of the year’s total sales volume, or $590 billion.
The report also found that among agents who changed brokerages, the largest segment recorded between $1 million and $5 million in annual sales volume. This group represented 31% of all movers.
Overall, 76% of agents who switched firms closed between $1 million and $25 million in sales volume in 2025.
5. Typical homeowner stays put for 12 years
After declining since 2020, U.S. homeowners began staying in their homes longer again last year, according to Redfin.
In 2025, the typical owner had lived in their property for 12 years, the longest median tenure since 2022 and nearly double the average stay two decades ago.
As the housing market cooled amid elevated home prices, median tenure edged up from 11.8 years in 2024 to 12 years in 2025. Even with this modest increase, homeowners today remain in their homes nearly twice as long as in 2005, when the typical owner sold after just 6.5 years.
Source: Redfin
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