Apartment rents remain unchanged

SAN FRANCISCO (AP) - While homeowners may be weathering rising mortgage rates or dropping property values, apartment renters have a bit of relief.
Apartment rents, as well as apartment occupancy, across the country were virtually unchanged in the third quarter of 2008, according to RealFacts, a San Francisco-based apartment data research firm.
And while more than a million homes have been lost to foreclosure in the last two years and with