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Real Estate Buzz
 Lynn Porter Real Estate Editor |
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October 22, 2009
Real Estate Buzz: Apartment rents fell 2% in 3rd quarter
By LYNN PORTER
Real Estate Editor
Real Estate Editor
The Seattle-Tacoma-Bellevue apartment market is in “serious trouble,” according to RealFacts, a publisher of information about the national apartment market, because rents in the third quarter declined 1.9 percent.
Novato, Calif.-based RealFacts said the average rent here is now $1,036, down $20 from the second quarter. The average has been falling for a year now, declining from $1,117 a year ago, the firm said.
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Previous columns:
- Real Estate Buzz: Schnitzer drops condo prices, 10-08-2009
- Real Estate Buzz: Condo buyers here may team up to get deals, 09-10-2009
- Real Estate Buzz: Regrade towers won't start till 2010, 08-27-2009
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- Real Estate Buzz: 'Shadow market' leaves apartments vacant, 06-04-2009
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