Friday, July 9, 2010

Rents Rise as Apartment Vacancies Fall


Apartment vacancies were down and rents were up last month as people got tired of living in their parents’ basements and rented a place of their own.  Nationally, the apartment vacancy rate was 7.8 percent at the end of June, down from 8 percent in the first quarter.  Rents rose 0.7 percent from April to June, the largest quarterly gain in two years.

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