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Housing bust is no balm for renters: The Ticker

Posted on 19 August 2011

A moribund real-estate market should have the advantage of reducing peoples’ housing costs. Unfortunately, for the growing ranks of U.S. families who rent their homes, the opposite is happening.

Shelter costs in the U.S. — a category that includes houses, apartments, hotels and college dorms — rose at an annualized rate of 2.7 percent in the three months through July, the Labor Department reported Thursday. That’s the fastest rate of growth since January 2008, just after the recession began………………………………………Full Article: Source

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