The new normal in real estate favors a greater number of renters and a growth in landlords just trying to get acquire, according to the National Multi Housing Council?s mid-year apartment strategy conference.
Former U.S. Congressional Budget Director Doug Holtz-Eakin says it?s inconceivable the government would stop subsidizing real estate, despite Republican efforts in Congress to eliminate many of the benefits lawmakers approve to subsidize the industry.
Efforts by Congressional lawmakers to determine new policies for the housing market have been proposed by eight members of Congress in legislation offered to work out solutions for troubled Freddie Mac and Fannie Mae, the nation?s mortgage giants. But Holtz-Eakin is doubtful that Congress will be able to work out a solution for handling the government sponsored lenders this term, and will probably wait until the housing market is stronger before tackling the issues.
According to government figures 34.8 percent of all U.S. tenants resided in housing rentals in 2010, which is approximately a 2 percent increase over the previous year. The foreclosure crisis is blamed for the majority of increasing rentals as former homeowners are forced to rent homes and apartments after they are evicted from their mortgaged homes.
Do you like the post? Be aware of recent events: subscribe to the RSS-feed.
Related Posts
Source: http://mortgageticket.com/rentals/real-estate-new-normal-favors-greater-number-of-renters.html
huffington post foxnews islamabad cephalon al qaeda 9/11 ground zero
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.