As the housing crisis deepens in many parts of the country, a growing number of potential home buyers are turning instead to the rental market. While builders and real estate agents are feeling the pinch, the apartment industry is savoring its recent prosperity. The fastest rent growth is occurring in the West, where housing prices tend to be the highest and the number of foreclosures and mortgage delinquencies are concentrated, while the South (except Florida) had the lowest rent growth. While many renters are concerned about the increasing costs of their monthly housing expenses, they are demanding amenities comparable to what home buyers want. More than 36 percent of respondents to a recent survey said that air conditioning is the one amenity they could not live without. Landlording: A Handymanual for Scrupulous Landlords and Landladies Who Do It Themselves

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