Foreclosures continue to lag on housing but...
As foreclosure rates continue to reach historic levels http://www.housingwire.com/2011/08/16/u-s-mortgage-delinquency-rate-grew-2-4-in-july the demand for multifamily apartments continues to increase at a tremendous rate. While this is bad news for homeowners this is excellent news for landlords and apartment operators. Those properties located in safe neighborhoods that can provide prospective tenants with a clean and safe community at an affordable price will reap the benefits of high occupancy and rent growth for years to come.
Christopher Urso
www.nationalreis.com
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