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upcoming operating rental property class june 9thMay 05, 2012
The Housing Council course, Operating Rental Property, is a must for all landlords or persons considering the purchase of income property. The next scheduled course is June... Click to read more...
housing council in the democrat & chronicleMar 05, 2012
While an issue in the city, property tax foreclosures are not as prevalent in the suburbs as bank foreclosures, according to The Housing Council. Click to read more...
lead prevention at the housing councilFeb 27, 2012
Since April of 2010, new federal laws require contractors to be EPA Lead Certified Renovators. This impacts anyone who is paid to perform work that disturbs paint in housing and child -occupied facilities built before 1978. Click to learn how you can help end lead poisoning. Click to read more...
landlord forms & publications available for downloadFeb 27, 2012
The Housing Council publications and forms for landlords are always available to assist you in operating your property and increasing your business potential. Free downloadable publications are available along with our popular fee based forms. click on the Landlords Section of the website to learn more. Click to read more...
first-time homebuyer courses for march announcedFeb 07, 2012
Our First Time Homebuyer Education and Counseling program will provide you with the foundation needed to enable you to attain, maintain and sustain homeownership. Click to read more...
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NEW YORK (CNNMoney) -- Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent.
The percentage of Americans who own their homes dropped a full percentage point over the past 12 months to 65.4% during the first three months of 2012, according to the latest Census Bureau data. That's the lowest rate since 1997 and down from the peak of 69.2% reached in 2004.
"As foreclosures grew over the last six years, many homeowners became renters," said Alex Villacorte, director of analytics for Clear Capital, a real estate valuation company.
The rental vacancy rate dropped to 8.8% during the first quarter, down from 9.7% a year earlier and from 9.4% in the last quarter of 2011, according to Census.
When it comes to bank foreclosures, what is often classified as a city problem is spreading to middle-class suburbs, according to research by The Housing Council.
“Everyone thinks it’s only in the city. It’s not,” said Anne Peterson, executive director of The Housing Council. “Foreclosure has a very far-reaching effect.”
Mortgage, not tax, foreclosures typical in suburbs
www.democratandchronicle.com
While an issue in the city, property tax foreclosures are not as prevalent in the suburbs as bank foreclosures, according to The Housing Council.
