Living in a renter’s paradise: Renters now dominate over half of…
Living in a renter's paradise: Renters now dominate over half of largest US cities. Between 2007 and 2016 approximately 7.8 million homes lost to foreclosure. Foreclosure News
Renters Now Rule Half of U.S. Cities
Detroit was once known as a city where a working-class family could afford to own a home. Now it's a city of renters. Foreclosure News
Foreclosure crisis makes Detroit a city of renters, not homeowners
Foreclosure crisis makes Detroit a city of renters, not homeowners And many of those renters are too poor to afford home maintenance, city officials say. Check out this story on USATODAY.com: http://usat.ly/2mJKrvU Judyann Simpson, 6, left, and her cousin Alontae Bailey, 8 play outside the home her family has been renting for the past 3 […]
Too many low income renters, too few homeowners could hurt Detroit
Detroit has more renters than homeowners for the first time in 50 years, and according to a recent report, this could be a bad thing. The Detroit Future City report from earlier this month notes that the high number of foreclosures and overall population loss contributed to this. Foreclosure News
Effort underway in Congress to protect renters from foreclosures
The bill, introduced by U.S. Senator Richard Blumenthal and U.S. Representative Keith Ellison of Minnesota, would ensure that expired federal protections for renters living in foreclosed properties are renewed. Blumenthal says “It's a matter of basic fairness and commonsense: Families should not be kicked to the curb because their landlord didn't pay his mortgage. Foreclosure […]
Renters loses $2K after targeted by scam artist
Home number one was a dream come true. The timing was perfect, because their family home was in foreclosure and they had to get out. Foreclosure News
Hotline Offers Help to Renters, Homeowners
Rent in the Denver Metro Area is averaging more than $ 1,000 for even the smallest of places. The market has many low-to-moderate income resident scrambling to find a place to call home, but for some help is a phone call away. Foreclosure News
The rise of the renters’ market
Many of the single-family homes in the Piedmont Park neighborhood of Apopka, Florida, used to be owned by families. Now, they're owned by Blackstone, American Homes 4 Rent and Colony Starwood Homes, companies associated with big real estate investment firms. Foreclosure News
Gap between Salt Lake renters, owners has grown over past decade
An analysis by The Associated Press shows a growing gap between Salt Lake homeowners and renters in the decade since the American housing market peaked and then crashed. While low interest rates have homeowners spending a smaller portion of their paychecks on housing, renters are paying a larger part of their income, a trend that's […]
Decade after housing peaked: Owners richer, renters hurting
It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling. Foreclosure News