Word: san
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Eddie Tencza, San Antonio...
...Nielsen, San Miguel, Calif...
...Reis. In the short term, that gives renters the advantage, since their numbers aren't growing as fast as the apartment count is. "In some cases, vacancy rates are going up," says Reis chief economist Sam Chandan. Unless you're in a tight market like New York City or San Jose, Calif., you might be able to win a free month or other concessions...
Across the country, in the anti-Detroit that is San Diego, real estate is also slumping. The gloom, however, is far less pervasive. "Yes, it's a troublesome market, but it's not terrible," contends broker Leona Kline...
...reason for the difference in attitude is pretty simple. In metropolitan Detroit, the 11% drop in home prices over the past year was just one more sign of a local economy in decline thanks to the troubles of the auto industry. In San Diego, the drop of 7.3% came out of the clear blue sky. The city still has jobs to offer. Beaches...