Apartment Rents "Plunge" in the West

All else being equal, when rents drop, the “housing P/E” (right) rises.

Here’s Calculated Risk:

From the Mercury News: Santa Clara County apartment rents plunge Apartment rents plunged 10 per cent in Santa Clara County in the third quarter compared with a year earlier, the biggest decline in any metro area in the Western United States …From the Las Vegas Sun: LV apartment rental rates decli…

Continue reading ยป

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.