Foreclosures Force Renters Onto Streets
DailyAdvance.com, March 18, 2009
By Christina Hoag
... Some evictees are even employed but don't have the savings for a new apartment or simply can't find an affordable one.
"We're now seeing working families in shelters -- people are going to work from the shelter and getting kids to school from the shelter," said Ellen Bassuk, president of the National Center for Family Homelessness.
Delores Conway, multifamily market expert at the University of Southern California's Lusk Center for Real Estate, said evictions are likely to keep rising as job losses sock renters.
"The pressure is going to continue because of rising unemployment," Conway said...
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