Clear In the USA today, it was reported that many cities have seen a rise in the share of homes that are rented rather than owner occupied. This rise has occuried after the nation’s housing crashed. Since
2006, when housing prices peaked, the number of renter households in the U.S has grown an average of 692,000.0 a year, while owner households have fallen an average of 201,000.0 a year, census surveys show. The city of gilbert, Az went from 15.1% renters in 2000 to 24.7% renters in 2010. Glendale, Az. went from 35.2% renters in 2000 to 41.4% renters in 2010. Florida, California and Arizona had the most cities where the share of renter-occupied households grew by at least 5 percentage points. In Sacramento CA there are 50.6% of renter occupied homes as of 2010. It seems that there should be a good demand for rental housing in the future as we go through the continued foreclosures down the road.
Real Estate Investing