“If we wanted to be hopeful about the situation, we might see a recovery by the middle of this year. If we don’t see any movement like that by the middle of the year, then it’s going to be a bad year again.”
– Victor Calanog, director of research for Reis Inc. Apartment vacancies reached a 30-year high in the fourth quarter of 2009, and rents saw the biggest one-year drop over the course of the year, according to Reis.
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