- Associated Press - Saturday, April 26, 2014

MEDFORD, Ore. (AP) - During the Great Recession, Medford landlords had to cut rental prices and make concessions to tenants.

Now, the market has recovered, vacancy levels are shrinking and rental prices are rising. Even people with good credit scores are having trouble finding a rental.

The Medford Mail Tribune reports (http://bit.ly/1jSel8t ) the paradox is that builders don’t yet feel secure enough in the market to put up new units.

For all of 2013, building permits were issued for just 89 multifamily units.

While vacancy levels are low, experts say that could change once former homeowners, who lost their houses when the economy soured, rebuild their credit.

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