Time flies! It was five years ago that we started discussing the turnaround for apartments. Then, in January 2011, I attended the NMHC Apartment Strategies Conference in Palm Springs, and the atmosphere was very positive. (Note: This is an update to a post I wrote a year ago).
The drivers were 1) very low new supply, and 2) strong demand (favorable demographics, and people moving from owning to renting).
Demographics are still favorable, but my sense is the move "from owning to renting" has slowed. And more supply has been coming online.
Read more...Calculated Risk: Apartments: Supply and Demand
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