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U.S. Apartment Rents and Occupancies Seen Set to Rise – Bloomberg

Apartment rents and occupancies are likely to continue to rise as the U.S. home and labor markets remain depressed, economists said at a conference sponsored by investment-advisory firm Bentall Kennedy. “There are fewer jobs today than 10 years ago … … Continue reading

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Apartment rents, occupancies set to rise – Reading Eagle

Apartment rents and occupancies are likely to continue to rise as the home and labor markets remain depressed, economists say. “There are fewer jobs today than 10 years ago,” said Doug Poutasse, head of North American strategy and research at … Continue reading

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Optimistic Outlook for Multifamily Development, NAHB Indices Show – National Association of Home Builders (press release)

Optimistic Outlook for Multifamily Development, NAHB Indices ShowNational Association of Home Builders (press release)The MPI component tracking developers' perception of market-rate rental properties is at 51.7 – the first time this component of the index has been above 50 since … Continue reading

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Brier Dudley Zillow adds rents to its ‘Zestimate’ realm – Seattle Times

Brier Dudley Zillow adds rents to its 'Zestimate' realmSeattle TimesZillow included cautionary notes in its announcement, making it clear it's only estimating rents. It said the estimates "can be used as a starting point" to determine a home or apartment's … Continue reading

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Real Estate Investment Opportunities Are Here In Michigan – Emailwire (press release)

Real Estate Investment Opportunities Are Here In MichiganEmailwire (press release)These have included apartment buildings, turn key properties, luxury home environments, condos and multi family dwellings. “Most people wouldn't think of looking in some of the side streets in Waterford for … Continue reading

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Is Toronto public housing in for a shakeup? – Toronto Star

Is Toronto public housing in for a shakeup?Toronto StarThe condominium construction boom and low interest rates have lured many middle-income renters into home ownership and pushed Toronto's vacancy rate to more than 2 per cent. But that doesn't mean supply … Continue reading

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Fredericksburg apartment complex sells for $18.25 million – Fredericksburg.com (blog)

Fredericksburg apartment complex sells for $ 18.25 millionFredericksburg.com (blog)In addition, Home Properties Inc. is about to start construction on eight apartment buildings at Cobblestone Square in downtown Fredericksburg, while Johnson Development Associates is building its Haven apartment community in Celebrate … Continue reading

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Related Sells Manhattan’s Sagamore as Apartment Demand Climbs – Bloomberg

Related Sells Manhattan's Sagamore as Apartment Demand ClimbsBloombergThe building also features two-bedroom apartments with dining areas and home offices. Average rents on the Upper West Side in January ranged from $1778 for a studio to $5795 for a three-bedroom apartment, … Continue reading

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Home Properties Inc. Reports Operating Results (10-K) – GuruFocus.com

Home Properties Inc. Reports Operating Results (10-K)GuruFocus.comThe weighted average expected first year capitalization rate for the acquired communities was 6.1%. Capitalization rate (“cap rate”) is defined as the rate of interest used to convert the first year expected net operating … Continue reading

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Apartment vacancy rates spurring condo demand in west Winnipeg – Winnipeg Free Press

Apartment vacancy rates spurring condo demand in west WinnipegWinnipeg Free PressIts developers say as apartment vacancy rates hit a 20-year-low, would-be renters are turning to condos to downsize or for their first starter home, spurring an insatiable demand across the … Continue reading

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