Wednesday, October 23, 2013

Single-Family Rentals Rising even as Price Rise

Single-Family Rentals Rising even as Price Rise
Single-family rental homes are on the rise in communities nationwide in the aftermath of the housing meltdown. 
In 32 of the country's top metropolitan regions, at least 20 percent of all occupied single-family homes were rentals in 2012. According to a USA Today analysis of U.S. Census Bureau data, that is up from just seven metros in 2006. 
Researchers say the growth reflects changes brought by the housing bust and the enduring financial hardships ushered in by the Great Recession. Nationwide last year, 18 percent of occupied single-family homes were rentals — an increase from almost 15 percent in 2006. Here are five key indicators for the housing market from the National Association of REALTORS®'latest existing-homes report, which reflects September data:

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