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Released: February 01, 2012
America is becoming a nation of renters
Source: John Schoen, MSNBC.com (Free Registration)
There was fresh data from the government Tuesday showing that the American dream of owning a home is fading fast.
The share of all U.S. privately-owned houses that stood empty fell in the fourth quarter to its lowest since 2006 as the number of houses occupied by renters rose faster than the pace of new vacancies created by homeowners moved out, according to the Commerce Department. There number of housing units occupied by renters rose by 749,000 in the fourth quarter compared to a year earlier; some 91,000 fewer homes were occupied by owners, the data show.
Read Full Article: America is becoming a nation of renters
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