Thursday, July 09, 2009

The Rental Market Stinks Too - The Atlantic Business Channel

The Rental Market Stinks Too - The Atlantic Business Channel: "The vacancy rate for U.S. apartments hit a 22-year high in the second quarter as rising unemployment reduced demand during what is usually the peak leasing season."
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What next? Hamster and gerbil cage vacancy rates at an all-time high?

2 comments:

Anonymous said...

Would have expected apartments to be at a high occupancy rate because of all the people that lost homes due to foreclosure.

Beth said...

Me, too. I wonder where those people are going? I hope we're seeing young adults returning to live with family rather than renters going to homeless shelters, prisons, etc.