Renting, Real Estate | featured news

Bank of America is testing a mortgage-to-lease program in four states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors.

Renters are paying more because the foreclosure crisis is adding to their ranks, which increases demand for apartments.

While it's cheaper to buy than to rent in most of America's big cities, access to mortgages is tough in the wake of tighter credit standards from banks.

Apartment landlords continue to have the best of all worlds as rents go higher and vacancies fall.

A growing number of Americans can't afford a home or don't want to own one, a trend that's spawning a generation of renters and a rise in apartment construction.