Apartment rentals surge on home foreclosures

Date: July 28 2010
Source: Washington Business Journal
Website: http://www.bizjournals.com/washington/breaking_ground/2010/07/apartment_rentals_surge_on_home_foreclosures.html?ana=e_wash_brk

As mounting foreclosures reduce homeownership, apartment landlords are seeing a surge in rentals — almost double last year's rates in the first half of 2010, according to MPF Research as reported by Bloomberg.