By Rob Chrisman
Posted To: Pipeline Press
Zillow published an article indicating that low-income renters have moved away from living in rural, dense communities and into more affluent suburban areas that were adversely affected by the recession. Historically, low-income renters lived in rural, single-family residences and large multifamily units. However, this cohort is now more likely to live in low-rise, low-density, multifamily structures. About 36% of all U.S. households rent and more than 68% of low-income households in the U.S. are renters. Renters are also three times more likely than homeowners to have low incomes and in 2013, roughly 26% of renter-occupied households had low incomes as opposed to 9% of owner-occupied households. I received a note from PHH’s Dico Akseraylian, SVP, saying, “Your newsletter stated that ‘PHH Mortgage…(read more)
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