Apartment Demand Ebbs as 'Avalanche' of New Units Open
October 03, 2012 at 10:38 AM EDT
One of the biggest upsides to the downturn in housing has been a surge in demand for apartments. That resulted in a strong rise in rents and a big drop in vacancies over the past few years, as investors rushed to build more supply. Now, just as that supply is about to come on line, demand appears to be weakening.