Daily Real Estate News Monday, August 15, 2011
With fewer rentals available across the country but strong demand, rents are expected to rise rapidly, experts say. Rents are expected to rise faster than the 2 percent to 3 percent average annual increase that was predicted earlier this year, RISMedia reports.
Vacancies for rental housing was 9.2 percent for the second quarter — 1.4 percent lower than a year ago — and a level that hasn’t been reached since 2003, according to the Census Bureau
Monday, August 15, 2011
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