In the aftermath of a historic housing bust, rented single-family homes are on the rise in communities from coast to coast.
At
least a fifth of all occupied single-family homes were rentals last
year in 32 of the nation's top metropolitan regions, according to a USA
TODAY analysis of U.S. Census Bureau data. That's up from seven metros
in 2006.
Rates: National average on 30-year mortgage falls to 4.5%
The
growth reflects changes brought by the housing boom and bust and the
enduring financial hardships imposed by the recession. Millions of
homeowners lost homes to foreclosure and were forced to become renters,
while others delayed homeownership.
READ MORE: http://www.usatoday.com/story/money/business/2013/10/20/single-family-homes-turned-rentals/2939243/
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