Economy forcing more families to rent - WMBFNews.com | Myrtle Beach/Florence, SC | News, Weather, Sports

Economy forcing more families to rent - WMBFNews.com | Myrtle Beach/Florence, SC | News, Weather, Sports: Since 2006, reports show that the number of renters have grown each year. It's the amount of foreclosures that's to blame. South Carolina is one of the top 20 states that had the highest rate of foreclosures in August. In Myrtle Beach, it's the demand for mid range homes that is increasing. And when there's more demand, it's more likely rent prices will go up. National reports predict rent prices will increase 4 percent this year.