The business of turning foreclosed homes into rentals is set to boom. Why is the market for foreclosed properties-turned-rentals poised for a boom? In the aftermath of the housing bust, demand for owning homes has fallen, pushing rents up and home prices down. In response, everyone from big banks to smaller firms are increasingly taking advantage of the disparity by turning foreclosure properties into rental homes.
Read more: http://www.huffingtonpost.com/2012/04/13/foreclosure-rentals-100-billion_n_1424055.html
Did you enjoy this article?
We're in the middle of our annual fund drive, and this year we're building our own internal infrastructure for subscriptions, meaning more of every dollar pledged goes to fulfilling our mission. Subscribe today to support our work and be a part of Convergence's next evolution.