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As home rents head higher, owning regains its appeal
Consumers and specially people that are trying to buy, rent, or refinance their homes; save their homes from foreclosure; or sell their properties might hear some different stories and feel differently about the news and how they might be affected by it.  Here is an interesting article worth a few minutes of your time:
 
 
 
Wall Street Journal As home rents head higher, owning regains its appeal Rising rents, coupled with slumping home prices and interest rates near record-lows, are boosting demand for homes at entry-level prices. Making sense of the story
 
Increased buying activity from investors and second-home purchases may be factors behind the recent pickup in home sales, but real estate agents say they are fielding more calls from anxious tenants complaining about rising rents.  
Average apartment rents rose by 2.7 percent last year, while the national vacancy rate dropped below 5 percent for the first time since 2001, according to a quarterly survey released Wednesday by REIS Inc., a real estate research firm.  
The largest rent increases came in San Francisco and San Jose, Calif., which saw increases of 5.9 percent and 4.9 percent, respectively.  Such increases are one reason why industry analysts ... more

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