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HURRICANE IAN - Projected Path

Tuesday, May 31, 2011

More than 500 cities see more homes become rentals - USA TODAY

Posted by The Meck

excerpt ..
                          Pop. 2010   %Rent2010   %Rent2000           % Pt Diff
AL  Birmingham  212,237      50.7%           46.3%4.4
AL  Decatur55,683      36.9%            36.2%  0.7
ALDothan65,496     39.9%           37.1% 2.8
ALHoover81,619           32.6%          34.0% 1.5
ALHuntsville180,105     42.0%          38.4% 3.6
ALMobile195,111     43.6%          40.7% 2.9
ALMontgomery   205,764     41.1%          38.1%3.0
ALTuscaloosa90,468     57.7%          52.3%                5.4 
       
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Almost 4 million homes have been lost to foreclosures in the past five years, turning many former owner-occupied homes into rentals.
The shift to rental housing is potentially long-lasting and portends changes for neighborhood stability and how people build wealth, economists say.
"The changes are big but glacial," says Mark Zandi, economist at Moody's Analytics.

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More than 500 cities see more homes become rentals - USA TODAY
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The Meck Report / Blog - May 31, 2011 - 12:59p
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