sURvEY iNdiCATEs dROP
iN APARTMENT dEMANd
According to the latest Quarterly Survey of Apartment
Market Conditions by the National Multi Housing
Council (NMHC), job loss and the recession have
reduced demand for apartments. The survey noted that
the Market Tightness Index, which measures changes in
occupancy rates and/or rents, declined sharply in the last
quarter from 24 to 11. This is the third lowest result on
record, and the sixth straight quarter that the index has
been below 50. A reading below 50 indicates that conditions are getting worse; a reading above 50 indicates
conditions are improving; and a reading of 50 indicates
that conditions are unchanged. The survey said 81 percent of respondents said markets were worse, compared
with only four percent who said markets were improving.
Fifteen percent reported unchanged market conditions
from the prior quarter.
Visit www.nmhc.org for more information.
ST. JAMES APARTMENTS IN DOWNTOWN PORTLAND, ORE.
PHOTOGRAPHY © GSL PROPERTIES, INC.
QUOTABLES
“One man’s theology is
another man’s belly laugh.”
—ROBERT A. HEINLEIN, AMERicAn WRi TER
“The length of a film should
be directly related to the
endurance of the human
bladder.”
—ALFRED HITCHCOCK, EngLiSh DiREc TOR
“Be kind whenever possible.
It is always possible.”
—TENZIN GYATSO, THE 14TH DALAI LAMA, TiBETAn LEADER
“Praise out of season, or
tactlessly bestowed, can
freeze the heart as much as
blame.”
—PEARL S. BUCK, AMERicAn nOvELiST
“Boredom: the desire for
desires.”
—LEO TOLSTOY, RUSSiAn nOvELiST
“A great many people think
that polysyllables are a sign of
intelligence.”
—BARBARA WALTERS, AMERicAn JOURnALiST
“So it’s been kind of a long
road, but it was a good
journey altogether.”
—SIDNEY POITIER, AMERicAn Ac TOR
“I believe in the greatness of
our democracy.”
—CHEN SHUIBIAN, FORMER TAi WAnESE PRESiDEn T
“Long stormy spring-time,
wet contentious April, winter
chilling the lap of very May;
but at length the season of
summer does come.”
—THOMAS CARLYLE, ScOTTiSh PhiLOSOPhER
www.irem.org 7 mar.apr 2009
