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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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"We appreciated that Mark took time to explain the different options to us as first time homebuyers. He gave us tips about making an additional payment each year and spoke with us about tax credits. He finds out what you already know by asking you questions and then helps you without making you feel unknowledgeable. We were very satisfied with the service. We plan to refer Mark to family and friends that are looking to purchase or refinance."
Kelsey & Eric B.