Wednesday, February 3, 2010
Report: Market Conditions Steady -- Volume and Equity Financing Improve
The National Multi Housing Council reports that the fourth quarter saw a continued uptick in sales volume and equity financing, a small step toward a more normal transactions market, after 2009 recorded the lowest number of transactions of the decade.
According NMHC, full recovery of occupancy and rents will require job growth to return to the economy. When that happens, and as a large wave of Echo Boomers begins to enter a supply-constrained market, we should see above average rent growth.