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: Mortgage Lender Implode-o-Meter

U.S. Now a Renters' Market

By Implode-Explode Heavy Industries

``The vacancy rate ended the year at 8%, the highest level since Reis Inc., a New York research firm that tracks vacancies and rents in the top 79 U.S. markets, began its tally in 1980. Rents fell 3% last year, according to Reis, led by declines in San Jose, Calif., Seattle, San Francisco and other cities that had brisk growth until the recession.''

Full post as published by Mortgage Lender Implode-o-Meter on January 07, 2010 (boomark / email).