Wednesday, October 06, 2010

Apartment Vacancies Drop
Calculated Risk reported on the third quarter Reis apartment update this morning.  Apartment vacancies dropped to 7.2%, from 7.8% in the second quarter.  Lease rates, net of concessions, increased to $980 per month.  Calculated Risk stares that vacancies bottomed early this year, and that excess housing inventory is being absorbed.  The Reuters story on this news is here.

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