OC Ranked Nation’s 22nd Worst Housing Market
REIS, a New York-based real estate research firm, expects rents will rise 3.8% this year, compared to a 3.1% gain last year. Doug Culkin, president of the apartment trade group that sponsored the poll, says that multifamily builders, who favored condos during boom times, are now concentrating on apartments. Easy to create the best buying opportunity in years when those prior years were the top of a massive bubble.
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Tags: apartment, apartments, boom times, condos, culkin, office of federal housing enterprise oversight, poll, real estate research, rents, trade group