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Lynn Porter Real Estate Editor |
October 22, 2009
The Seattle-Tacoma-Bellevue apartment market is in “serious trouble,” according to RealFacts, a publisher of information about the national apartment market, because rents in the third quarter declined 1.9 percent.
Novato, Calif.-based RealFacts said the average rent here is now $1,036, down $20 from the second quarter. The average has been falling for a year now, declining from $1,117 a year ago, the firm said.
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