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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: CalculatedRisk who wrote (58489)	4/17/2006 5:34:12 PM
From: benwood	Read Replies (3) of 110194

The Seattle Times reported on Sunday that the housing bubble has finally started to spill over into the rental market: seattletimes.nwsource.com In short, in the past 12 months, the following has been observed: * vacancies dropped from 6.5% to 4.6% * rents up 4%, with 3 of 4 apt. managers saying they plan to raise rents within 6 months * move in incentives dropped from 64% of properties to 26% of properties Beyond higher mortgage/house purchase costs, declining inventory (conversions to condos) and strong local job market contribute to the increased rental demand.

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