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Archive for February, 2016

16 February
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These Renters Were Hit Hardest by the Financial Crisis

The financial crisis turned a lot of Americans into renters, because they couldn’t keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off home ownership. A new report from real estate website Trulia seeks to identify the groups that lost the most purchase on the dream of home ownership during the recession.

The answer, by one measure: affluent Hispanic millennial men. In 2006, 32 percent of those households were renters. By 2014, the share had nearly doubled to 63 percent.