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U.S. APARTMENT VACANCY RATE FALLS, RENTS RISE


Source: Reuters

A new industry report indicates the U.S. apartment vacancy rate fell to its lowest level in more than a decade. The real estate research firm Reis Inc. found that the poor job market and stagnant wages have prevented a commensurate rise in rents. One factor that likely has led to people renting longer is rising mortgage rates in the third quarter.

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