Rents are Rising Fast, Even in Small Markets

Not long ago, the average renter would have expected to spend about 25 percent of a monthly paycheck on rent. But that number is up to 30 percent, or even higher in some markets. Why? Ilyce talks with Svenja Gudell, Senior Director of Economic Research at Zillow, about the problems renters face in saving up to buy a home under these conditions, on this episode of Big Money Real Estate.

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