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Increase in US rents beats rise in home values for first time since 2012

Friday, May 22, 2015 - 05:50

San Francisco

ADD one more marker in the timeline of soaring rental costs in the US: They just increased faster than home values for the first time since 2012.

Rents grew 4 per cent in the year ended in April, beating the 3 per cent rise in home values over the same period,