We expect this growing population, an expected 1.9 million additional echo boomers from 2012 to 2014, and their continued job recovery will likely support long-term demand for multifamily housing

US Apartment Investment Surging  

The climate for development and investment in the apartment market is being stoked by more demand combined with improved development financing and lower construction costs. Market analysts at Reis also report that rents are up and vacancy rates are down, which is helping push pricing of class-A apartments in primary markets to levels not seen since before the global financial crisis. Much growth is being driven by echo boomers (ages 20-34) who are reentering the job market and finding more income to move away from home and begin renting. All of these factors have experts forecasting growth in the apartment market well into 2013. For more on this...   read more

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