Unyielding job losses and a renewed government push to expand home buying dealt owners of rental apartments a savage blow in 2009. Data complied by the real estate research company Reis Inc shows that the U.S. apartment vacancy rate hit 8 percent in the fourth quarter, an almost 30 year high. The drop in rents was the largest on record.
Out Of Work Americans Clear Out Of Apartments, Driving Vacancy Rates To 30 Year High
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