Relevant:
- Huge Gap in Mortgage Availability: 1/3 of Americans Highly Unlikely to Qualify for a Mortgage Today, While Less Than Half Qualify for the Best Rates
- Apartment Loan Quality Worsens as U.S. Price Gains Outpace Growth in Rents
- Homeownership Needs Reviving While Mortgage Rates Remain Low
- 76 percent believe renting better option than homeownership
- Citi Launches Pilot Foreclosure-Rental Program
2011-12-28 — housingdoom.com
``More Americans are trading in their mortgage for a lease. Â For some, the change is mandatory, as foreclosure or financial circumstances force them to sell or walk away. Â Others would like a mortgage, but just can't seem to qualify. Then there's the crowd that is finding the "dream of homeownership" just a little too risky for their taste. Â Whatever their reasons though, homeownership rates are dropping as rental rates rise...''
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