Balance tilts from owning to renting

WASHINGTON – Oct. 18, 2010 – Since the real estate bubble burst, the American dream of homeownership has fizzled.

A growing number of Americans, called a new class of renters, can afford to buy a home but are renting by choice, says Tara-Nicholle Nelson, consumer educator at Trulia.com.

In August, 72 percent of people said [...]

Renting Unsold Property May Be a Good Move

Home owners who can’t or don’t want to sell their homes in today’s market but must move should consider renting out the property.

Obtaining a professional property manager is a good first step. Professional property managers charge 7 percent to 10 percent of the monthly rent in many areas. Two associations whose members manage small [...]

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