Economy Forces More People to Rent

The rough economy has forced those shopping for a home to choose renting instead.
Statistics show the number of renters is on the rise.
During the first quarter of this year, the percentage of households headed by homeowners, had it's sharpest decline in two decades.
67 million people own homes, that's down almost 2 million from three years ago.
35.7 million people pay rent this year compared to 33.3 million in 2005.
For those forced into this competitive rental market by foreclosure, the going is tough.
Landlords are now more likely to reject potential renters with bad credit scores.


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