Reeling from the recession’s one-two-three-punch of job woes, climbing mortgage payments and evaporating equity, desperate homeowners are dipping into a nearby income stream to avoid foreclosure: That bedroom just down the hall.
via RISMedia.
Jan 10
Housing rents have plunged to a 30 year low, according to Reiss & Co (a real estate market research company) as reported by Ilaina Jonas at Reuters. Apartment vacancies rose to 8% in the fourth quarter, also a 30-year high.
via — Seeking Alpha.
Oct 15
Apartment vacancies recently surged to 7.8%, the highest level since 1986.
And the rate is only expected to rise as demand drops further in the traditionally weak fall and winter months
via Seeking Alpha.
Oct 14
Faced with uncertain economic times, renters around the nation are saving money on their monthly housing costs by opting to split a 3-bedroom apartment rather than living alone in more expensive 1-bedroom apartments
via RISMedia.
