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Multi-family rentals props up housing market

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U.S. employment figures remain wobbly and that is significantly shaping the housing market, according to the Wall Street Journal. Workers entering the job market face a lack of security and falling wages, keeping an initial down payment on a single-family home and mortgage unaffordable for many, despite the Federal Reserve’s promise to keep interest rates low through next year. So in lieu of owning, Americans are increasingly renting, and the construction of new multi-family building is, to a [more]



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