Number of people renting homes soars 40% in five years
The number of people renting a home has soared by 40% during the past five years as low levels of house building and the mortgage drought have prevented potential buyers from getting on to the property ladder.
This is according to the 2011 National Housing Pulse Survey recently released by the National Association of Realtors®, which said more renters than ever aspire to home ownership, up from 63 percent in 2010.