Apartment Stats: Vacancy Low & Rents High

Apartment Stats: Vacancy Low & Rents High

Tara Bellucci
Jul 6, 2012

Across the nation, renting an apartment has gotten harder and more expensive. Vacancy rates for the second quarter were at 4.7%, which hasn't been the case since 2001. Of all the areas surveyed by Reis, none reported a decline in rental rates, and effective annual rates rose by 2.2% to an average of $1,091 across the US, the highest increase since 2007.

In other news, old Walmarts become new libraries, and check out some celeb vacation homes. See the headlines after the jump.

Apartment rents rise at highest rate since 2007: Reis | Yahoo News
What To Do With Old Walmarts? Turn Them Into Libraries | Co.Exist
Inside The Celebrity Vacation Homes of George Clooney, Oprah, John Travolta, And More | Stylelist

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