Rental surge: Why more people are opting out of homeownership

Has the Great Recession launched a new era of renting versus buying that will eventually result in a nation where more people rent their homes than purchase them? Or is the increase in renters these days due to an “over-correction” in the market? According to the latest “State of the Nation’s Housing” report from Harvard’s Joint Center for Housing Studies, the U.S., in less than a decade, lost all its homeownership gains of the last 20 years. http://www.housingwire.com/articles/36930-rental-surge-why-more-people-are-opting-out-of-homeownership ❤️ #share #mortgage