26.08.2011 - Coming next: The landlord’s rental market
Apartment landlords appear to be among the only commercial property owners able to sign new tenants amid the sluggish economy. But the strength of the multifamily sector is itself related to the troubled economy. There has been an “abnormal slowdown in household formation in recent years,” Lawrence Yun, chief economist for the National Association of Realtors, says in a new report. “Many young people, who normally would have struck out on their own from 2008 to 2010, had been doubling up with roommates or moving back into their parents’ homes.”.............................................Full Article: Source
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