Although 2002 will be a weak year for rental apartment operations in almost all markets, the real estate industry will weather this downturn significantly better than it did in the early 1980s and mid-1970s. A return to meaningful net operating growth income depends on when concessions begin to diminish and effective rents rise. The key variables to watch are whether the homeownership rate continues to rise above 68 percent, or begins to recede to its early 1990 rate of 64 percent; whether apartment starts fall to the low-to mid-100,000s, or continue closer to 200,000; and, whether the economy can gather momen-tum throughout 2002, once again creating meaningful job growth.
Affordable Housing Architecture Asia Borrowing Constraints Canada China Colombia Commercial Brokerage covid-19 CRE Credit Risk Transfers Debt Market Demographics Development e-Commerce Equity Market Ethnic Factors Europe Foreclosures Global Global Financial Crisis hospitality Housing & Residential Housing Supply India inflation Investing land use regulation Macroeconomics Microeconomics Mixed-Use Mobility Mortgage Rates Mortgages Multi-family Non-Traditional Mortgages office sector Political Risk Real Estate Investment Trusts Recession Rental Retail South America Sub-Prime Mortgages Sustainability United States Urban Urbanization work from home