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Foreclosures En Route to Rentals; Pinterest and Shelter Media

NATIONWIDE—It's happening: the process to convert foreclosed properties into viable rentals, that is. Fannie Mae has plans to sell off 2,500 homes throughout L.A., Riverside, Calif., Southeast Florida, Vegas, and more. [WSJ]

THE INTERNET—Looks like newish social media site Pinterest is for more than just making fun of Mitt Romney's penchant for luxury hotels: a bunch of national magazines, including Elle Decor, Country Living, and House Beautiful, report it drives a massive amount of traffic to their respective websites. [previously; Fishbowl NY]

THE INTERNET—It's that time again for Apartment Therapy's Homies awards, honoring home and design blogs. Head over to vote. [Apartment Therapy]