Apartment | featured news

Apartment rents rose during the first quarter, ending five straight quarters of declines and signaling the worst may be over for the hard-hit sector.

Apartment vacancies hit a 30-year high of 8% last year, and landlords cut rents 3% to attract tenants.

Furniture, clothing and bedding had been slashed.

Apartment vacancies in the U.S. rose to 7.8%, a 23-year high, as unemployment hurt demand in the usually busy summer period.

A couple and their toddler son have been found shot to death in their Orange County apartment in an apparent murder-suicide, police said today.