News Brief: Rising Home Prices, Lagging Apartment Rents, Housing Crisis Help from Apple

Summary: In this week's Real Estate News Brief... why the current market is great for sellers, what is happening with apartment rents, and how Apple is partnering with California on affordable housing. We begin with economic news from this past week. The latest report on the trade deficit shows that it was down almost 5% to a 5-month low in September. It fell from $55-billion to $52.5 billion. The shrinking trade deficit is mostly due to the U.S. tariffs on Chinese goods.