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Tenants Feel Pinch of Rising Rents

Record-low mortgage rates mean that homeowners have a smaller financial burden for their residences than at any time since the early 1980s.

But here’s the bad news: Rising rents are squeezing many families and leaving them with less to spend.

Several factors have pushed rents up. Rental and apartment housing is in short supply but demand has grown after several years of foreclosures and population growth.

Housing-market turmoil has many potential owners wary of buying real estate. And for many aspiring buyers, qualifying for a mortgage is tough, keeping prospective owners in rentals for longer and locking out those with incomes or credit scores bruised by job loss or foreclosure.

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