Wednesday, October 26, 2011

Housing Market Moving Toward Rentals

Because the housing market has been down, and lenders have been more strict with mortgages, the market is leaning in the direction of apartments and rentals. This means more apartment and condo building in many cities across America. In an economic downfall, many people do not want to assume the risk of home ownership. Because more people are renting then buying, rental properties have become fantastic investments.

Information provided by USA Today article; Condo Nation: Why so few Americans are buying homes.