A new report predicts the market for foreclosed homes that are subsequently turned into rentals will reach more than $100 billion in 2012 alone.
It is clear that rents are on the rise as home prices continue to fall. That has government policymakers promoting the idea that selling foreclosed homes to investors as rentals could be a positive for the housing market as a whole, while helping reduce the inventory of distressed properties as well as putting a floor on housing prices.
Read the full article online at latimes.com.
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