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	<title>Housing Complex &#187; Apartment market</title>
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		<title>Rents Are Rising in Washington D.C.&#8212;Unlike Anywhere Else</title>
		<link>http://www.washingtoncitypaper.com/blogs/housingcomplex/2009/04/16/rents-are-rising-in-washington-dc-unlike-anywhere-else/</link>
		<comments>http://www.washingtoncitypaper.com/blogs/housingcomplex/2009/04/16/rents-are-rising-in-washington-dc-unlike-anywhere-else/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 18:45:08 +0000</pubDate>
		<dc:creator>Ruth Samuelson</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Apartment market]]></category>
		<category><![CDATA[Forbes]]></category>
		<category><![CDATA[Washington D.C.]]></category>

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		<description><![CDATA[
A Woodley Park Apartment building
Well, Houston's the exception (incidentally the last major city I lived in).
But it's true: That city and the District are the only two major urban centers nationwide where rents are increasing or staying stable, according to Forbes magazine. 
I experienced this trend myself last fall when my Columbia Heights rent rose [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.washingtoncitypaper.com/blogs/housingcomplex/files/2009/04/calvertwoodley.jpg"><img class="aligncenter size-full wp-image-5350" title="calvertwoodley" src="http://www.washingtoncitypaper.com/blogs/housingcomplex/files/2009/04/calvertwoodley.jpg" alt="" width="500" height="386" /></a></p>
<p style="text-align: center;"><em>A Woodley Park Apartment building</em></p>
<p>Well, Houston's the exception (incidentally the last major city I lived in).</p>
<p>But it's true: That city and the District are the only two major urban centers nationwide where rents are increasing or staying stable, according to <a href="http://www.forbes.com/2009/04/15/rent-real-estate-intelligent-investing-rents.html"><em>Forbe</em>s magazine. </a></p>
<p>I experienced this trend myself last fall when my Columbia Heights rent rose $40 from the previous year's rent. And that was with some negotiating! First, we had to point out to the landlord that the hike she proposed didn't entirely adhere to <a href="http://www.washingtonpost.com/wp-adv/classifieds/realestate/static/dcfaq.html">city policy.</a><a href="http://www.washingtonpost.com/wp-adv/classifieds/realestate/static/dcfaq.html"><span id="more-5349"></span></a>Her instincts were correct in asking for more though.<a href="http://www.forbes.com/2009/04/15/rent-real-estate-intelligent-investing-rents_slide_7.html?thisSpeed=7000"> Washington has the "second-best apartment rental market in the U.S., with rental income down less than 1percent," according to <em>Forbes.</em><br />
</a></p>
<p>Here's more from that piece:</p>
<blockquote><p>Dallas-based Axiometrics' latest survey of 13,000 rental-property managers was unsettling: Rental "revenue per available key" fell 4.1% in the first quarter. Rents in the top 20 U.S. cities are now down 5.7% from a year ago. Phoenix, Atlanta, Las Vegas, <span style="border-bottom: 1px dotted; text-decoration: none; cursor: pointer; display: inline; font-size: 14px; font-weight: 400; font-style: normal; font-family: Arial,Helvetica,sans-serif; color: #003399;">New York City</span> and Charlotte all experienced declines greater than 8% from a year ago.</p></blockquote>
<p><em>Image by Mr. T in D.C., Flickr Creative Commons</em></p>
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