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US property market set for ‘tepid’ growth led by apartments

Posted on 08 November 2011

Economists remain guardedly optimistic about the state of the US property market in 2012, as the economy stages a slow but steady recovery. However, the real estate sector will grow “even with a modest recovery in demand”, according to Pramerica Real Estate Investors’ ‘US Quarterly Outlook’.
It added: “Projections for a strong recovery in commercial real estate have been scaled back, with near-term demand growth expected to be tepid at best.”……………………………………….Full Article: Source


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