Census Bureau: renting is up at a 15-year high

May 1, 2012 5:43:05 PM PDT
A report from the Census Bureau has found that the number of people renting a home is at a 15-year high.

Less and less of us own a home these days despite mortgage rates at near record lows. It seems it's still difficult to get approved for a mortgage.

There are signs, however, that the housing market could turn around.

Younger people are seeing an uptick in the job market and that could mean more people will be able to afford a home and qualify for a mortgage.