Glut of empty rentals is a potential drag on home-price recovery

08/17/2009 | Wall Street Journal, The

The decline of U.S. home prices has slowed, the number of houses sitting on the market is down and affordability is better than it has been in years. But many houses do not show up in those figures because they were put on the rental market instead of the sales market. In many areas, that has caused a glut on the rental market, one of several factors likely to prevent a quick recovery for housing prices, according to this article.

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Wall Street Journal, The

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