Pending home sales inched up in December, and while that doesn't herald the end to the real estate crisis, it is good news for real estate investors.
But news wasn't as good for those wanting to hold rental properties: The U.S. Census Bureau reported this week that the rental vacancy rate inched up again in the 4th quarter, to an average 10.1 percent. This represents an increase over 4th quarter 2007, but not over the past quarter.
The results show that cities and suburbs are affected equally, which may account for the rumors that landlord concessions in NYC are becoming widespread. Read more....
See our feature, Rents Decline for First Time in Five Years.
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