02Feb

Apartment Vacancy Rate falls to 5.2% to 2001 Level

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The nation’s apartment-vacancy rate in the fourth quarter fell to its lowest level since late 2001 as Americans continued to favor renting homes instead of buying them. Reis Apartment Vacancy Rate (click to enlarge) In the fourth quarter, the vacancy rate fell to 5.2% from 6.6% a year earlier and 5.6% at the end of […]

11Jul

Rents Rise, Vacancies Go Down

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Wall Street Journal, Real Estate, July 7, 2011 Vacancies … fell in 72 of the 82 markets during the second-quarter vacancy rate to 6%, the lowest since 2008 and compared with 7.8% a year earlier, according to Reis. […] The average effective rent, the amount paid after discounting, was $997 in the second quarter of […]