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…

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