Rental demand is increasing, and should do so for years. Those who lost their homes to foreclosure must rebuild their credit. And before they'll be able to purchase again, lenders will require them to make larger down payments and meet stricter requirements. So they'll be renting for a long time to come.
Remember, a large percentage of those foreclosures happened because people made poor choices when they got their mortgages - not because of financial misfortune. Many foreclosure victims are still employed and can pay market rental rates, and they are likely going to rent something similar to their previous home.
That's why those working the Home Seller Assist program, createdby John Alexander and also known as We Provide The Cash are doing so well in this market.
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