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Housing news lately has been anywhere from awful to disastrous, so where's the silver lining?...

Housing news lately has been anywhere from awful to disastrous, so where's the silver lining? Apartment REITs have total returns (including dividends) of 25.5% YTD, and it may still be early in this cycle of renter increases. In 2010: Equity Residential (EQR) +34%; AvalonBay (AVB) +26.8%.
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