Transcription of NAR 2005 FINAL - Upland
{{id}} {{{paragraph}}}
NATIONAL RESEARCH REPORTAPARTMENTAPARTMENT2005 ANNUAL REPORTH arvey E. GreenHessam NadjiPresident and Managing DirectorChief Executive OfficerResearch Services To our valued clients:Recent economic indicators suggest that employment growth will finally accelerate to levels that willgenerate meaningful demand for rental units. After two years of healthy advance, gross domesticproduct (GDP) is expected to cool off somewhat to a still respectable rate of percent in 2005. Inaddition, corporate balance sheets are strong, business investment has returned, inflation remainstame and oil prices have come off their recent the Fed s short-term interest rate increases, long-term rates remain low, reflecting investorcaution and the effects of offshore capital flows into Treasuries.
2005 Annual Report page 3 National Apartment Supply/Demand Index Four of the top five markets are in Southern California, with Riverside-San Bernardino taking the top spot. Las Vegas broke into the top five thanks to a nation-leading job growth forecast, below-average vacancy rate and rising home prices. Some caution is in order, however, as for-sale …
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}