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Apartments Rents Are on the Rise

Great news for owners of apartments, not so much for the apartment-seeking public at-large: apartment rents are increasing. As we reported last week, the apartment investment market is hot, driven by the same demand that is pushing rents higher. And even though this demand is spurring some new construction, the number of new rental units delivered this year and next will still be miniscule compared to years past. So if you're about to lose your house because you can't afford the payments, good luck in the rental market. You may need it. [citybiz Real Estate]