I initally heard this story on Fox 5 and I thought this story was quite interesting. Follow this link for the full story: Rental rates rise with stronger demand for apartments – wtop.com. WTOP did not touch on one major point that Fox 5 did mention, the rental rates were able to increase not only because of the influx of renters due to the housing crisis but also in part because we have the most jobs in this area. The unemployment rate for the DC Metropolitan area is a lot lower than the national rate.
What do you think of it all?