May 8, 2008
...Another incentive for first-time buyers is rising apartment rents. The USC Lusk Center's Casden Apartment Forecast for 2008 reports that occupancy rates will remain tight at 96 percent to 97 percent this year, while rents will rise an average of 2.5 percent to 3 percent. With rents on the increase, the economics of home ownership, including tax advantages, pencil out for more potential buyers...