U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number...
U.S. apartment rentals surged in the first half by 215,000 occupancies, nearly twice the number in all of last year, and the vacancy rate slipped to 6.6% from December's 8.2%. A number of factors apply, including lower homeownership due to foreclosures, but it should mean increased earnings for REITs like Equity Residential (EQR) and AvalonBay (AVB).
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