Buyers      Sellers      Financing      Foreclosure Info      Glossary      About Us      Contact Us         Landlords See Lower Apartment Vacancies July 6, 2005 The vacancy rate for the country's top 67 metropolitan apartment markets declined to an average of 6.4 percent in the April-through-June period, down from 6.6 percent in this year's first three months, according to a new report by Reis Inc. This represents good news for apartment landlords, which have had to deal with several years of declining rents and rising vacancies. Reis analysts confirm that there now appears to be an improving balance of supply and demand, as the number of rental units occupied by tenants climbed by 10,103 apartments in the second quarter following a gain of 3,584 units in the previous three-month period. Rents, meanwhile, climbed an average of 0.5 percent to $883 a month during the second quarter. Looking at individual apartment markets, those that posted the greatest vacancy-rate declines in the quarter included Louisville, Miami, Omaha, Sacramento, and Las Vegas. Source: Wall Street Journal (07/06/05); Corkery, Michael         In The News >>   Mobile Home Madness: Prices Top $1M >>   Landlords See Lower Apartment Vacancies >>   Fed Raises Rates Again And More Hikes Are Likely >>   Overheated Markets Due for 2006 Slowdown >>   Supreme Court: Eminent Domain OK for Economic Development      Copyright 2005 - The Capital House, Inc.