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Friday, October 31, 2014

Rents are soaring -- and so are evictions

Rents are soaring -- and so are evictions - Oct. 29, 2014

 Rents have risen 7% in the past year, while incomes have inched just 1.8% higher -- making it that much harder for people to afford their housing payments. In fact, the average renter now spends 30% of their income on rent, up from a longtime average of about 25%, according to Zillow. 

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