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As job creation has picked up over the past couple of months, one key segment has played a big role in the surge. And that could be good news for apartment owners.
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2012 promises to take multifamily’s drivers on one hell of a ride.
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Apartment Occupancies Set to Hit Historical Highs
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Smaller Owners, Larger Owners see Different Recoveries
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Apartments have been filling up for the past year. And judging from the REITs' first-quarter conference calls, a lot of the people in those apartments might have been home buyers just a few years ago.
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For much of the economy, Victor Calanog, vice president of research and economics at New York-based Reis, said the first quarter of 2011 was a disappointment. Gross Domestic product (GDP) dropped from 3.1 to 1.8 percent. The contribution of personal consumption expenditures and residential...
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Apartment analysts expected fundamentals in the first quarter of 2011 to be strong. But New York-based research firm Reis says it was even better than expected, particularly in apartment absorption rates.
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When it comes to falling vacancies, institutional-grade owners have it much better than smaller apartment operators.
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The multifamily real estate sector posted its greatest quarterly occupancy gain in the third quarter and is poised to continue to benefit from single-family housing market decompression throughout 2011, commercial real estate economists said this week in separate forecasts delivered by New York...
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A panel of economists at the MFE Conference held in Las Vegas last week reinforced the sentiment of the entire event: Multifamily is a good place to be with a future that is brighter than expected.