Housing
Why Rents Are Rising as Home Values Fall
With so many people priced out of home ownership, the demand for rental housing is booming.
For all the troubles faced by the housing market in recent years, things are turning around in at least one area. Rents are rising across the country, according to new figures from the real estate website Zillow.
Between January 2011 and January 2012, median rents increased by 3 percent. Over that same time period, median home values fell by 4.6 percent.