You’ve seen the numbers and our reports here on CBS 3.
The housing market is taking a beating. Lenders have tightened requirements for loans, making less people eligible. And with the unemployment rate around nine percent, many just don’t have the cash to buy a home.
Renting is becoming a popular option.
With details on that is Jim Korman of Korman Residential, which is a member of the Apartment Association of Greater Philadelphia.