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NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

Apartment market hot streak continues – Florida Realtors News

WASHINGTON – Aug. 2, 2012 – For the sixth quarter in a row, the apartment industry improved across all indexes in the National Multi Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions.

The survey’s indexes measuring Market Tightness (76), Sales Volume (54), Equity Financing (58) and Debt Financing (77) – and all measured 50 or higher, indicating growth from the previous quarter.

“The apartment sector’s strength continues unabated,” says NMHC Chief Economist Mark Obrinsky. “Even as new construction ramps up, higher demand for apartment residences still outstrips new supply with no letup in sight. Despite the need for new apartments, acquisition and construction finance remains constrained in all but the best properties in the top markets.”

The July 2012 Quarterly Survey of Apartment Market Conditions reflects the views of 82 CEOs and other senior executives with apartment-related firms nationwide.

Key findings

Financing is available but only for top markets. Only 16 percent of industry execs said acquisition capital was available in all markets at all times. Even fewer (10 percent) said construction capital was available across markets. Meanwhile, 65 percent said acquisition financing and 52 percent said construction financing were only available in top-tier markets.

Majority report increased market tightness.
The Market Tightness Index edged up to 76 from 74. For the first time in a year, more than half (55 percent) of respondents said that markets were tighter. By contrast, only 2 percent reported the markets as loosening and 43 percent reported no change over the past three months.

The Sales Volume Index dipped slightly to 54 from 57.
Nearly one quarter (24 percent) of respondents reported increased sales volume; 16 percent indicated decreased volume and 55 percent said conditions were unchanged since the last quarter.

Equity financing continues three years of growth.
The Equity Financing Index shrank slightly to 58 from 62 but remained in positive territory – any index above 50. It was the twelfth straight quarter for an index is above 50.

Debt financing highest in two years. The Debt Financing Index jumped to 77 from 65, with only 2 percent of those surveyed saying borrowing conditions were worse than they were in the previous quarter. This reflects the sixth quarter in a row that the share of respondents who thought the availability and terms of debt financing had worsened was in the single digits.

© 2012 Florida Realtors®

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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