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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Mortgage Meltdown Keeps Renters Renting
Posted on 08/07/2007 07:12:29 | Link | Post Comment
National Multi Housing Council's July version of its quarterly survey of large apartment owners nationwide found ....
Question 5: How has the subprime mortgage meltdown and the subsequent tightening of mortgage credit for home buyers affected renters in the markets you are familiar with?
• 18%: Been a big decrease in the number of renters leaving to become homeowners.
• 37%: Been a small decrease in the number of renters leaving to become homeowners.
• 46%: No impact so far.
The survey also found ... "One quarter of respondents said that occupancy rates and/or rents rose during the first quarter of the year, but the majority (59 percent) reported no change."
To read more, CLICK HERE
Question 5: How has the subprime mortgage meltdown and the subsequent tightening of mortgage credit for home buyers affected renters in the markets you are familiar with?
• 18%: Been a big decrease in the number of renters leaving to become homeowners.
• 37%: Been a small decrease in the number of renters leaving to become homeowners.
• 46%: No impact so far.
The survey also found ... "One quarter of respondents said that occupancy rates and/or rents rose during the first quarter of the year, but the majority (59 percent) reported no change."
To read more, CLICK HERE
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