02.06.2011 - Housing market: Renting on the rise
A large earthquake is usually followed by aftershocks as the earth finds its new equilibrium. In the same way, the housing markets in the US and UK are taking a while to adjust in the aftermath of the financial crisis. Lending is tight, and many sellers are unwilling to accept comparatively low prices. So it is no surprise then that renting has become more popular. In the US, almost 10% more households now rent compared with the peak of the property boom..............................................Full Article: Source
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