Daniel Jones

The renters are coming back in droves according to REIS. They show nearly 100,000 units being absorbed nationally in the third quarter of 2010, a rate not seen since 1999. Acting on the belief that the economy is in full recovery mode the once and future renters pushed the occupancy rate to 92.9% in the third quarter, up from 92.0% at the end of 2009. With little new supply coming available the fundamentals should continue to improve over the near term.