From the Wall Street Journal:

The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier

Vacancies, meanwhile, fell in 72 of the 82 markets during the second-quarter vacancy rate to 6%, the lowest since 2008 and compared with 7.8% a year earlier

Another sign that nationally the housing market is improving.

Are we laying the groundwork for a real estate boomlet after years of very little construction at the same time pent up demand is building up?

After years of “flat” being the new “up” perhaps “up” will become the new “boom”. [FYI, punctuation-wise, I’ve decided I’m English.]

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