Finally, some good news in the housing market! According to "The Economist" magazine, rising rents are helping the housing market recovery. http://www.economist.com/node/21536592
- Higher rents encourage people to buy homes.
- Higher rents encourage owners of homes to rent them out.
- Fannie & Freddie may be able to sell their inventories of foreclosed properties to people who want rental income
- Therefore, both the supply and the demand side of the problem may be addressed.
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