Demand Increases During Tough Economic Times: Unlike new and existing home sales that tend to plunge in tough times, demand for apartments actually i

EVERYTHING-especially since the Great Recession has flattened wages, tightened credit, and made it harder than ever for this HUGE group of Echo-Boomers to buy a house. At least for the next 5-10 years, the Echo boomers will primarily be renters creating a huge surge in demand for new apartments. Another driving factor in the surge for apartment demand is the record number of foreclosures in the past two years. The vast majority of former homeowners who lose their homes due to foreclosure w...

EVERYTHING-especially since the Great Recession has flattened wages, tightened credit, and made it harder than ever for this HUGE group of Echo-Boomers to buy a house. At least for the next 5-10 years, the Echo boomers will primarily be renters creating a huge surge in demand for new apartments. Another driving factor in the surge for apartment demand is the record number of foreclosures in the past two years. The vast majority of former homeowners who lose their homes due to foreclosure will re-enter the apartment market-that's millions of potential new renters Today, Tomorrow, and for the Foreseeable Future.