Phoenix may not be quite there, but this looks good for the overall picture...read below...
After two years of rising vacancies and slumping rents, apartment owners have reason to be cheerier these days.
According to the latest survey of 169 markets across the U.S. by researcher Reis, the national apartment vacancy rate peaked at a record 8% in the fourth quarter of 2009 and remained unchanged in the first quarter of 2010. Asking rents increased by a scant 0.1% in the first quarter, but that was the first gain since the third quarter of 2008. [...more...]
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