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07/19/09
Deals abound for bargain-hungry apartment renters
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:14 pm

Job losses and an explosion of foreclosure homes on the rental market have caused serious losses for Phoenix-area apartment communities, according to a new study.

Apartment complexes suffered severe declines in both occupancy rates and lease rates during the past year, with the average rent for all types of apartment and townhouse units declining by nearly 6 percent in 2008.  more…



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