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Turning Foreclosed Homes Into Rentals Could Be $100 Billion Industry This Year

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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.

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