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The Renter Next Door

Real Estate Market UpdateAn unexpected side effect of the mortgage crisis has been the replacement in many neighborhoods of single-family homeowners with renters.  An article from the Urban Institute, took a closer look at the 14.2 million single-family rental units in the US and found that renters are living in smaller, older and slightly less suburban homes than homeowners, and are poorer, more racially and ethnically diverse and younger than homeowners.

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