Apartment rentals surge on foreclosures, jobs

US apartment landlords are seeing a surge in rentals as mounting foreclosures reduce homeownership and an improving job market for young adults encourages them to find their own places to live. The number of occupied apartments increased by 215,000 in the 64 largest US markets in the first half, according to MPF Research.

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3d rendering of a row of luxury townhouses along a street

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