Rising rents mean bad news for renters, economy
May 8th, 2012
Share
From Housingwire.com "With the number of families who have left their homes due to foreclosure, rental properties are continually scarcer. This — if you believe in supply and demand — means higher rents.
Information released by the U.S. Census Bureau on Monday indicated that housing vacancy rates declined in the fourth quarter as more people moved into rented homes. The proportion of families renting has now reached a 15-year high, while homeownership reached a 15-year low. "
Find the complete article here.
To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click
here to login. If you would like to create an HAR Account account, please click
here.
Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®