U.S. apartment vacancy rate up slightly in fourth quarter: Reis

(Reuters) - The U.S. apartment vacancy rate increased marginally in the fourth quarter from the third as supply exceeded demand, according to a report from Reis Inc.

The national apartment vacancy rate rose to 4.5 percent from 4.4 percent, the real estate research firm said.

Vacancy rates increased in 50 of 79 metros, with New York City and Washington, DC hitting their highest-ever rates of 5.1 percent and 6.6 percent, respectively, the report said...

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RSK: Vacancy may be slightly up but asking rates have increased slightly.

Ken Notes: We are going to need a new housing stock for Millennials and Boomers looking for carefree amenity driven living that allows for travel, entertainment, and stuff to do...