Vacancy Rates Lowest Since ’02, Median Rents Highest Since 1Q ’09

The Wall Street Journal is reporting that the homeownership rate has fallen to a 15-year low of 65.4%, while rental vacancies have fallen to 8.8% – lowest since the second quarter of 2002 – and median rents rose to $721/month, the highest since the first quarter of 2009.

The full article can be found here.