Posted June 07, 2011 by RentJungle

"More large cities are seeing an increase in the number of renters vs homeowners. According to a USA TODAY analysis of the latest Census data, now more than 500 large and midsize cities have seen growth in the quantity of homes that are rented vs owned. With more than 4 million homes lost due to foreclosure over the past 5 years, it isn't surprising to see such a large increase in rental properties. Economists predict that having more tenants will mean shifts in neighborhood stability and how people build wealth and retirement savings."

"Across the US in 2010 34.9% of occupied homes were rented in 2010, compared with 33.8% in 2000. And this trend is predicted to continue."



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