Increased affordability in the housing market, more home foreclosures, and the first-time homebuyer tax credit could be to blame for the rising vacancy rate in rental homes across the country, according to CNBC’s Diana Olick. The third quarter this year saw a 7.8 percent vacancy rate in U.S. apartments, the highest level seen since 1986, according to research group Reis.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|