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Renters are finding fewer affordable homes and apartments as the city sees a decline in units. (WTTW News)

Renters are finding fewer affordable homes and apartments as the city sees a decline in units. A new study from DePaul University shows the city experienced a 5.2% decline in affordable rental units over the past decade.

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Chicago and Cook County home prices are up nearly 12 percent in the second quarter of 2013. We get the latest on the housing recovery from Geoff Smith, the Executive Director of the Institute for Housing Studies at DePaul University, and Loretta Alonzo, the 2012 president of the Illinois Association of Realtors.