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Rents Up 36% Since 2005—Mortgage Payments Down 4%

Rents Up 36% Since 2005—Mortgage Payments Down 4%

Many people continue to rent because they think that it’s the more affordable option—and that owning a home is out of their reach. But, as it turns out, rents have seen sharp increases across the country—while the average mortgage payment has actually fallen. According to a report from CoreLogic, the “typical mortgage payment” (a monthly […]