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There's good news in the housing market - for renters. What you pay is on the way down. The average rent in the U.S. fell 0.4% in the last three months of 2008, according to a survey of large apartment buildings in 79 metro markets by real estate analytics firm Reis. Even though landlords often find it tough to raise rent prices in winter months, the fourth quarter's decline is significant for being the first quarterly drop since the beginning of 2003. (See who's to blame for the financial crisis...
...projections based on apartment buildings with five or more units in 54 markets. The nationwide vacancy rate is already at 6.8% - the peak during the last recession - and it is likely to grow by another percentage point this year, according to CBRE/Torto Wheaton Research, a property analytics firm that surveys professionally managed buildings with five or more apartments. (See pictures of the recession...
...when they were willing to negotiate with renters one-on-one - with, say, a free month's rent. This time, though, both asking and actual rent prices are falling, according to Reis data. "It looks like landlords are much more willing to lower prices quickly," says Victor Calanog, the firm's director of research. "It's a tenants' market." (See the best business deals...
...Bespoke Invest, also known as "Think Big" (6,112 links), is the blog for a money management and research firm. The site provides a combination of technical analysis and commentary on macroeconomic trends, major sectors of the stock market, and currencies...
...Ticker Sense (538 links). This site may be the most well known for its weekly poll of financial blogger sentiments about the market. Written by money management firm Birinyi Associates. Has excellent analysis of global economy and major sectors of the stock market. Use of tables and graphs is among the best...