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The trend may be the result of younger Americans preferring to rent in cities and tougher lending standards forcing others to forego home ownership, the Wall Street Journal said. Sport Chalet Inc.
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They also showed a rise in the number of people failing to pay their mortgage, which signals that repossessions. Many are frustrated that lenders have started demanding bigger deposits which few.
But the rise is also being fuelled by soaring unemployment, painful rises in household bills, pay freezes and the huge number homeowners in mortgage arrears. as the banks tighten lending criteria,