Vacancy Rates Lowest Since ’02, Median Rents Highest Since 1Q ’09

May 1, 2012 at 1:48 pm Leave a comment

The Wall Street Journal is reporting that the homeownership rate has fallen to a 15-year low of 65.4%, while rental vacancies have fallen to 8.8% – lowest since the second quarter of 2002 – and median rents rose to $721/month, the highest since the first quarter of 2009.

The full article can be found here.

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Entry filed under: Benchmarks, Housing Trends, Rent Rate, Vacancy Rate. Tags: , , .

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