Economics 101: Demand says the rents are increasing primarily because nobody can afford to buy a home, thus, people HAVE to either live with Dad and Mom or rent the cheapest apartment they can find!
There is no economic recovery without a housing recovery. From data on new housing starts to reports of existing home sales, reporter Meg Handley digs deeper into the latest news and numbers driving the housing market.
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Dave Hathaway of MN 4:56AM April 30, 2012