DAILY REAL ESTATE NEWS: Apartments Moving in the Right Direction
May 23, 2016 08:20 AM
DAILY REAL ESTATE NEWS: A quarterly survey of conditions in the apartment market hasn’t changed much in the last six months, a positive sign in this tough atmosphere.
The National Multi Housing Council, which conducted the survey, reports that there was a steady uptick in sales volume and equity financing was increasingly available, “which represents another step, albeit a small one, toward a more normal transactions market, said NMHC Chief Economist Mark Obrinsky.
Obrinsky predicts that when job growth returns, “a large wave of Echo Boomers will enter the supply-constrained market and we should see above average rent growth.”
Source: National Multi Housing Council (02/02/2010)
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