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The hot rental market is beginning to ratchet up

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Unformatted text preview: lthough demand has not strengthened enough to cause upward price pressure. The hot rental market is beginning to ratchet up apartment rental rates, possibly giving some momentum to the resale market in the months to come. Looking ahead, experts express some broad concerns about the impacts of the National Flood Insurance Programs cash limitations and scheduled decreases on value limits of FHA loans. Realtors participating in the National Association of Realtors (NAR) Confidence Index in September 2011 reported relatively strong demand at lower price points, possibly due to bargain-hunting investors. However, current market demand overall is disappointing, largely due to economic concerns REAL ESTATE AnD REnTAL AnD LEASInG EMPLOyMEnT REAL ESTATE AND RENTAL AND LEASING 2003–2012 EMPLOYMENT (In2003-2012 Thousands) Year Real Estate 2003 2004 2005 2006 2007 2008 2009 a 2010 2011b 32.9 33.3 34.4 35.1 35.4 34.3 31.9 31.2 31.0 Rental and Leasing 14.2 14.0 13.9 14.0 14.0 13.9 12.3 11.4 11.3 30.6...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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