Rents keep rising, even as housing prices fall

Source: Motoko Rich, The New York Times

The housing market remains a potent drag on the economy as home prices continue to slip, foreclosed homes fill some neighborhoods and millions of construction workers scramble for jobs. But one group is sitting pretty: landlords. Unlike home prices, rents have been rising, up 2.4 percent in January from a year earlier, according to recent data, not adjusted for inflation, released by the Labor Department.

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