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Woodshedder
Joined Nov 11, 2007
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Apartment vacancies fall to 5 year low

Mr. Cain Thaler Thu Oct 6, 2011 11:08am EST 2 Comments

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U.S. apartment vacancies declined to 5.6%, a five year low, in Q3 according to Reis Inc. (REIS), reports Bloomberg. The average monthly effective rent rose to $1,004 from $997 in Q2 and $981 in the same period of 2010.

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2 comments

  1. Scavenger
    Scavenger
    October 6, 2011 at 11:15 am

    Rents going up and 30 yr fixed mortgages going down (below 4% today).

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    • Mr. Cain Thaler
      Mr. Cain Thaler
      October 6, 2011 at 11:45 am

      Yet people were dropping rental REITs yesterday like hotcakes, along with all the others.

      Evokes images of babies and bathwater…

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