The weak U.S. housing market is a boon for landlords, at least in some areas.
Actual rent paid - not including free months or other incentives - rose in 78 of 79 apartment markets, according to data compiled by Reis, a commercial real estate data analysis firm.
The largest increases were in areas that saw home price run-ups during the housing boom, Reis says. New York City saw the highest third-quarter increase, with a rise of 3.6 percent compared with the second quarter. San Francisco was second, with an increase of 3.4 percent.
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Source: The Associated Press, Danielle Reed (10/30/2007)
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