Apartment rents on the rise
Generally, when the residential housing market struggles, the apartment industry thrives.
That seems to be the case right now.
Reis, a real estate research firm, said that the average apartment rent across the country rose 1.1 percent in the second quarter of this year to $994 a month.
As more people either lose their homes to foreclosure or decide to delay purchasing a house until the real estate slump ends, expect to see apartment rents rising across the country.
Tags: apartment rent, housing slump, Reis, RentRelated Stories
POSTED IN: Breaking News, Buying a Property, Commercial Real Estate, Foreclosed Properties, Insights and Commentaries, Mortgage, Real Estate Tools, Rent
4 opinions for Apartment rents on the rise
b5media - The Summer Slump: It’s Not In Your Head
Jul 14, 2008 at 6:46 am
[…] everything is slumping - on Property Crossroads, Dan reminds us that rental rates are on their way up. At Doing Biz Abroad, Jean wonders whether rising oil prices are slowing down business travelers […]
Business and the Summer Slump from the b5media Business Channel
Jul 14, 2008 at 7:05 am
[…] everything is slumping - on Property Crossroads, Dan reminds us that rental rates are on their way up. At Doing Biz Abroad, Jean wonders whether rising oil prices are slowing down business travelers […]
The Summer Slump: It’s Not In Your Head | Money4U
Jul 23, 2008 at 8:57 am
[…] everything is slumping - on Property Crossroads, Dan reminds us that rental rates are on their way up. At Doing Biz Abroad, Jean wonders whether rising oil prices are slowing down business travelers […]
Lisa Roye
Jul 27, 2008 at 11:25 am
This is also true for houses, not just apartments.
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