- Associated Press - Monday, May 16, 2016

CHARLESTON, S.C. (AP) - Charleston leaders are gathering to discuss what can be done to keep housing affordable in a city that attracts 43 new people a day and in which home prices and rents are steadily increasing.

Mayor John Tecklenburg and other local leaders speak Monday evening at a forum sponsored by the Historic Charleston Foundation.

A study by the Charleston Metro Chamber of Commerce finds average home prices in the Charleston area have risen 8 percent compared to this time a year ago.

On the north end of the Charleston peninsula, home prices have increased as much as 75 percent faster than in other areas of Charleston in recent years.

Officials say the high rents and home prices mean it’s harder for middle and low-income people to find housing.


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