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Apartment vacancies down, rents up

According to a real estate market report from Alexandria, Virginia-based Delta Associates, vacancy rates for the D.C. metro apartment market declined to 4.2 percent, down from 5 percent a year ago, while development of new buildings has "plateaued."

Sequestration might cause a slowdown in filling up the new apartments that are scheduled to be delivered, the report says, but since these cuts are scheduled to happen in the first quarter of the year, they will have less of an impact on the housing market than they would if they came later, as the second and third quarters are typically the region's strongest.

Read the full writeup here.
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