Housing Crunch Impacting Rental Market

December 22, 2008 2:12:30 PM PST
A new report suggests the foreclosure crisis may have a powerful side effect on the Valley's Rental Market.According to the research and advocacy group the California budget project, more than 190-thousand homeowners could lose their homes when their introductory interest rates expire and their payments go up dramatically.

At the same time, California has the second-most-expensive rental housing prices in the nation.