What We Can Learn From Jersey City's Luxury Housing Boom

The pool at Hudson House in the SoHo West area in Jersey City.Photographer: Stephanie Keith/Bloomberg

High home prices are leading to some interesting trends among would-be homeowners in high-cost areas.

US renters say there’s now a 60% likelihood they’ll never own a home — the highest reading in at least a decade — and that can help explain why we’re seeing crowding in rental markets such as New York, a closely watched global real estate market.