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VIDEO | 06:16
LA Times Today: New rental developments are changing the American dream of suburban homeownership

LA Times Today: New rental developments are changing the American dream of suburban homeownership

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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Home prices and mortgage rates still feel out of reach for some potential buyers looking for a house.

But a new trend in the housing market is helping families get more space, without the additional costs that come with home ownership. Developers across the country are building rent-only communities with single-family homes.

L.A. Times housing affordability reporter Liam Dillon brought Lisa McRee the story.

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