I have been looking for a new apartment. It really is striking how different things are than they were two years ago when I got my last one. At that time the apartments clearly were having to try hard to stay afloat. Now they all seem nearly filled up. Many large buildings we stopped at were in fact completely full.
This should drive construction soon. While few people want to buy a home these days they clearly still have interest in apartments. The slow climb out of our recession is underway.
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