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New Jobs and Old Foreclosures Fuel Apartment Occupancy

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 Bloomberg is reporting bearish news for the multifamily industry. As the job market for young adults gradually improves and foreclosures continue to reduce home ownership, more people are turning to apartment living. Occupancy rates have nearly doubled since 2009. Armed with new jobs, young adults are finally moving into apartments. Meanwhile, the increase in jobs since January hasn't been substantial enough to slow new foreclosures, prompting once-homeowners to choose apartment living. What does this mean for apartment real estate owners? 5-10% earnings increases next year, maybe more. Get the full story here.

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