This year promises to be a "robust" period for the multifamily housing sector, according to the "Spring 2012 U.S. Multifamily Report" published by Cassidy Turley.
"Of the 50 major markets that we track, 26 areas closed 2011 with vacancy rates below the 5 percent mark," says the report. Yet, despite the fact that 5 percent vacancy is typically the threshold for rent growth, every metropolitan area in our survey posted rent increases over the past year. With early indications that job creation is accelerating in 2012, there will be no letdown in demand for apartments this year.
Read more...MortgageOrb: New Report Predicts 'Robust' Year For Multifamily Housing
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