08.10.2009 - Apartment glut keeps residential real estate ETF in check
From Etfdb.com: In recent months, the U.S. housing market has shown signs of life, with several major metropolitan areas eking out small month-over-month gains. While home prices remain well below year-ago levels, there are at least signs that the worst has passed, and a modest recovery is now underway. Unfortunately, the same can’t be said about the rest of the U.S. real estate market. Apartment vacancies recently surged to 7.8%, the highest level since 1986. And the rate is only expected to rise as demand drops further in the traditionally weak fall and winter months...................Full Article: Source
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