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Renters' Market Topics

America becoming a nation of renters

Nation of Renters

With U.S. unemployment at a lofty 8.6 percent, home foreclosures rising and property prices under pressure, more and more Americans have given up the dream of owning, opting instead to rent, a shift that is remaking the face of the U.S. housing industry.

 

U.S. Now a Renters' Market

Apartment vacancies hit a 30-year high of 8% last year, and landlords cut rents 3% to attract tenants.

 

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