excerpt ..
Pop. 2010 %Rent2010 %Rent2000 % Pt Diff
| AL | Birmingham | 212,237 | 50.7% | 46.3% | 4.4 |
| AL | Decatur | 55,683 | 36.9% | 36.2% | 0.7 |
| AL | Dothan | 65,496 | 39.9% | 37.1% | 2.8 |
| AL | Hoover | 81,619 | 32.6% | 34.0% | 1.5 |
| AL | Huntsville | 180,105 | 42.0% | 38.4% | 3.6 |
| AL | Mobile | 195,111 | 43.6% | 40.7% | 2.9 |
| AL | Montgomery | 205,764 | 41.1% | 38.1% | 3.0 |
| AL | Tuscaloosa | 90,468 | 57.7% | 52.3% 5.4 |
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Almost 4 million homes have been lost to foreclosures in the past five years, turning many former owner-occupied homes into rentals.
The shift to rental housing is potentially long-lasting and portends changes for neighborhood stability and how people build wealth, economists say.
"The changes are big but glacial," says Mark Zandi, economist at Moody's Analytics.
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More than 500 cities see more homes become rentals - USA TODAY
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The Meck Report / Blog - May 31, 2011 - 12:59p
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