Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006…
When the lenders foreclose on your house and you’re turfed out of the place, makes sense that you’re gonna rent a place to live. After all, it might be a tad difficult to get a mortgage on another home….
U.S. apartment vacancies fell to a two-year …
Lenders formally took control of Stuyvesant Town and Peter Cooper Village on Tuesday, ending a four-year odyssey that put this affordable middle-class enclave at the center of both the biggest real estate deal in history and a major financial debacle. …