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The foreclosure rates have lowered since the recession but many believe that it is only a matter of time before they pick up again. The housing sector across America continues to struggle and recent government data supports this fact. Current data on the sales of new and existing homes as well as building permits remain below expectations and are at historically low levels. The moratorium on foreclosures is passing and lenders are now continuing the foreclosure process again. More and more Americans will need to search out alternative home and living options. The number of Americans renting is likely to increase during this time. Renting is a top alternative option for many when transitioning from one permanent living space to another. In Florida, foreclosures were abundant and thus many were left to consider the option of renting during their transitions. Currently, renting price data reveals that the median rental property costs $1414 in Florida according to data prepared via hotigloos.com. Four options are listed from least expensive to most. A studio is the least expensive option. The median rental price of a studio in Florida is listed as $1050. The median rental price of a one bedroom is listed as $1100. The median rental price of a two bedroom is listed as $1354 and the median rental price of a 3 bedroom is listed as $1700. Author: Genny Germano
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