Correction: Housing-Clinging to Low Rates story

  • by: Associated Press
  • Updated: July 24, 2014 - 4:10 PM

WASHINGTON — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow's index measures how much of a typical renter's income goes toward rent; the index is 19 percent above its historical average.

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