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August 21, 2008

arrowSo, where are those evicted from homes going?

The supposition that families who lose their homes to foreclosure would seek refuge in apartments isn't panning out, according to a study by the National Multi Housing Council.

The study found that only 2% to 6% of all apartment applicants are evicted homeowners. "Much has been made about the flood of former house owners into apartments, but we are not seeing that," said Doug Bibby, council president.

Locally, landlords say many of those families are turning to rental homes or are doubling up with family members.




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