Salient to Investors:

Yelena Shulyatyeva at BNP Paribas expects housing to be a bright spot despite foreclosures, delinquencies, people cutting mortgage debt. Investors can buy very cheap houses and, with rents rising, can get good yields.

Primary residence rents rose 2.6 percent in the year ended August versus a 1.7 percent gain in average hourly wages.

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