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Strong rentals, weak housing: The national rental vacancy rate declines to 8.8% in Q1 from 9.7%...

Strong rentals, weak housing: The national rental vacancy rate declines to 8.8% in Q1 from 9.7% a year ago, reports the DOC. The median asking rent rises 5.6% Y/Y to $721/month. The homeownership rate declines 100 bps from a year ago to 65.4%, with the median asking price off nearly 7% to $133,700.
Comments (4)
  • I've been wondering when the rental increases start showing up in CPI, after all rents, real and imputed, are around 1/4th of the CPI.
    30 Apr 2012, 12:06 PM Reply Like
  • Vacancy declining,,rents rising...house prices will.....
    30 Apr 2012, 12:07 PM Reply Like
  • Bbro:

     

    According to some, the laws of economics have been suspended. "It's different this time." Right?
    30 Apr 2012, 12:10 PM Reply Like
  • Lets add inventory declining to that equation too.
    30 Apr 2012, 12:12 PM Reply Like
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