By Laura Kusisto | The Wall Street Journal
The single-family rental market has grown dramatically after around seven million families lost their homes during the foreclosure crisis and its aftermath. But there are signs that rents in some markets may be unsustainable, a new report finds.
Single-family rentals now account for 13% of the overall housing stock, up from 9% in 2005, according to a report by Moody’s Analytics.
Demand for renting homes grew dramatically after millions lost their homes to foreclosure, short-sale or other distressed events. Many didn’t want to live in apartment buildings, so investors scooped up foreclosed homes in bulk and rented them back to families.
