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The US apartment sector powered through last summer’s economic doldrums to record strong absorption gains and higher occupancy rates. So says a 2012 National Apartment Report, which was released by Marcus & Millichap. “Foreclosures in the single-family market, the inability of most Americans to meet mortgage financing requirements and households choosing rental housing for lifestyle reasons or employment mobility contributed to a net rise in apartments.”
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Bay Area cities topped the nation for rising apartment rental prices in 2011. In the greater San Francisco and San Jose markets, average rental prices increased by 10.4% and 12.2%, respectively, making the two areas the markets with the greatest rent appreciation in the country.
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One major challenge for renters is coming to a common agreement with roommates. Because each person in a group has a different expectation and need when it comes to housing, it’s important that each person is represented in the final decision. With that focus in mind, a group of students from Boston University created the SocialRent Facebook app.
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Have you ever wondered what makes up your credit score? The three major credit reporting agencies, Experian, TransUnion, and Equifax, use a number of factors to calculate your score.
To read the full article, click here: Realty Times
With Marcus & Millichap’s National Apartment Report showing that the U.S. average for asking rents in 2011 came in at $1,061 a month, housing analysts believe more apartment tenants will look to own.
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Sales of new-homes declined in December marking the end to the worst year on record for new-home sales.
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30-year fixed-rate mortgages averaged 3.98%, up from last week’s low of 3.88%. A year ago at this time, 30-year rates averaged 4.80%.
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Considered the heart of a home, the kitchen is a room that is used every day and a place where people will entertain guests.
But a kitchen retrofit does not have to be extensive – consider lower-cost kitchen upgrades:
1. Repaint in a neutral color
2. Eliminating clutter
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The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners.
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