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

|By:, SA News Editor

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%.