"Apartment rents in the western United States are barely climbing - good news for renters but actually a sign of a weakening economy, according to a new report released Thursday.
The good news for renters is that while homeowners have watched the value of their houses drop, and subprime loan holders have seen their mortgages double, even triple, many apartment renters are paying just a few dollars more than they did a year ago, according to the report by RealFacts Inc.
Of the 19 major Western metropolitan markets covered in the analysis, 14 experienced quarterly rent growth, but none more than 1.7 percent,and four actually declined."
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Apartment rents in West increase slightly
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