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Real Estate Briefing - Categorized | Americas, Emerging Trends, Research, Residential property Watch more

US apartment market in early period of recovery, says Pramerica

Posted on 16 November 2010

From IPE: The US apartment market is in the early parts of a recovery, according to Pramerica Real Estate Investors. Frank Nitschke, a principal at Pramerica, said: “One of the reasons for the recovery is that we are seeing on a nationwide basis the fewest new construction starts for housing in two decades. This isn’t likely to change until at least the end of 2011.”
He said this would lead to the value of existing properties increasing and allow for rent increases in certain markets……………………………………….Full Article (Subscription Required): Source

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