As the cost of homeownership soars across the country, renting has emerged as an increasingly popular alternative, and not just in cities,

but in suburbs too. An analysis of census data by 0.2 homes and online marketplace for rental homes

found a steady rise in the number of renters in suburbs surrounding the country's 20 biggest

metropolitan areas. Some of the big reasons? The shortage of affordable housing, coupled with the rising cost

of home ownership.

Doug Ressler is a manager of business intelligence at Yardy Matrix, which is a sister

company to point two homes that creates software for the real estate industry.

Doug, how big a piece of this is affordability?

Or are there other factors driving this? It's a very significant piece. This really has started

since 2008 with the financial crisis when there were a lot of evictions and home turnovers.

And exponentially, the demand kept growing, but the

supply did not. So over the course of the last 10 to 15 years, this problem has been exacerbated

and will continue to grow until we find reasonable solutions to the issue of affordability.

You call it a problem. What's the, what's an issue here? What's the problem, I guess,

of people deciding to rent rather than buy? Well, the problem is prior to 2008, you would see

a migration pattern of folks who rented moving out, starting

households and buying homes. That has been abbreviated because of the cost of a home, the

lack of supply, and the affordability of the home.

So what you have is you have demographic groups renting longer and not being able to purchase a home.

Now, I know your report said that of the roughly 1,500 suburbs you looked at,

203 were majority renters, renters outnumbered owners.

Some of them were around military bases where you'd expect a transient population.

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