The American Dream used to include home ownership as a given, but it has gotten shaky of late.
With so much instability in the real estate market, not to mention high unemployment and tight credit, renting has seen upticks around the country. In many cases, this represents a show of caution in the face of economic distress; people are loath to buy in a weak market, or they can’t get a mortgage.
Trulia.comprovided a list of the top ten American cities with the largest increases in rentals by comparing change from the third to the fourth quarters of 2010. Additional data, including unemployment, median incomes, home values and rents is from City-data.com.
By Colleen KanePosted 3 Mar 2011