West, South post falling apartment rents in third quarter

10/21/2009 | Bloomberg

Driven by rising joblessness, multifamily rents fell across the West and South during the third quarter, data provider RealFacts said. On average, asking apartment rents dropped to $965 from $1,002 a year earlier, the company said. "Renters are in a great position to secure favorable terms," RealFacts said in a statement.

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