I guess is rent will go up slightly. Although there are more homeowners have to rent their properties instead of selling, they cannot reduce their rent too much away from their mortgage meaning that they cannot really compete with the apartment complex or rental properties with appropriate market rate. If they have to cut the rent significantly, they better off to foreclose the properties than to rent out with excessive bleeding. As foreclosure goes up, these properties are not going to be rented out immediately, and there should not be any cooling effects on rent by foreclosing homes. I predict that the rental market is pretty much stable yet a slight increase.
