Washington DC Rental Properties Blog
It's HIP to rent!
Post Date: April 13, 2011
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According to National Mortgage News and speakers at the recent Urban Lank Institute's conference in Washington DC, new homes sales are at historically low levels, and the need for rental apartments is rising.
"Demand for housing in this country is falling, despite the overall recovery, despite 30-year fixed mortgage rates less than 5%, despite growing confidence among some consumers and a rising stock market," said Anirban Basu, chairman and chief executive of the Sage Policy Group. "Renting has become fashionable," he said. "That is a real sea-change in America."
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