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Rental Market is Clear Winner in Recession Aftermath
Wednesday, July 15, 2015
The financial crisis was obviously better for the rental housing market than
it was for the purchase market but the health of the former appears to be
continuing well into the recovery. Frank
Nothaft, who is now chief economist for CoreLogic after years in that position
with Freddie Mac, calls the outcome of the recession, "A vibrant rental market."
Writing in CoreLogic's Insights
blog, Nothaft says apartment vacancy rates are at their lowest levels since the
1980s, multifamily rental construction is the healthiest in more than 25 years,
rents are up, and the property values of apartment buildings are at or above
their prior peaks.
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