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Apartment rent expected to go up nationwide

By WEEK Producer

Apartment rent expected to go up nationwide

November 28, 2012 Updated Nov 28, 2012 at 12:04 PM CDT

WASHINGTON, D.C. -- There's good news for landlords, but bad news for renters on Wednesday.

As the economy continues to improve, apartment rents are expected to go up again next year for the fourth consecutive year.

The Association of Realtors predicts rental rates for apartments will jump nearly five percent nationwide.

In addition to a strengthening economy, the drive in rates is also due to supply and demand and until apartment construction catches up with demand, landlords will maintain control of the market.

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