Morning minute: Rising rents pushing reluctant buyers off the fence

High rents prompting more to consider buying

In what some economists and real estate agents say is a good sign for the spring housing market, climbing apartment rents are making the prospect of owning more appealing. (Wall Street Journal)

Trend: More multigenerational households

More families are living together. In 2010, 4.4 million households had three generations or more living under one roof, a 15 percent increase compared to two year before, according to U.S. Census data. (REALTOR® Magazine)

Other news of interest:

  • Only 3 percent of eligible borrowers have sought foreclosure review. (Wall Street Journal)
  • FHA changes could mean more restrictive credit requirements for borrowers. (Chicago Agent)

 

 

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