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Q: Annual area appreciation rates for US residential-income property ( No Answer,   2 Comments )
Question  
Subject: Annual area appreciation rates for US residential-income property
Category: Business and Money > Economics
Asked by: sybarite-ga
List Price: $20.00
Posted: 01 Mar 2005 14:33 PST
Expires: 31 Mar 2005 14:33 PST
Question ID: 483138
I'd like to get annual appreciation rates for 2-4 unit US residential
income property (by city or by zip).  Any free resources out there
(preferred)?  Any pay resources out there (reluctantly acceptable)?

Clarification of Question by sybarite-ga on 01 Mar 2005 15:45 PST
I am most interested in the Southern California market-- Ventura, Los
Angeles, Orange, Riverside, San Bernardino, and San Diego.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Annual area appreciation rates for US residential-income property
From: journalist-ga on 01 Mar 2005 14:55 PST
 
Greetings Sybarite,

I located a reference from John Burns Real Estate Consulting in
Irvine, California, that may be of some assistance regarding what
appears to be the Irvine market.  Without you providing the city/zip,
(even though you'd like a database of that) it may be more difficult
for a Researcher to find the specific city/town statistics you seek.

"With 4.6 million more U.S. residents aged in their 30's than in their
20's, and 5.2 million more U.S. residents aged in their 40's than in
their 20's, the demand for apartments by traditional renters (those
aged in their 20's) is less than it was 10 years ago or even 20 years
ago. This is why apartment construction is so low and apartment
developers are primarily building luxury apartments targeted at older
renters who prefer the flexibility of renting. With a significant rise
in the pool of traditional owners, and a significant decline in the
pool of traditional renters, it makes sense that home prices are
appreciating while rental rates are not. This demographic shift will
remain in place for many more years."
http://www.realestateconsulting.com/usanalysis/usanalysis200211.html

Best regards,
journalist-ga
Subject: Re: Annual area appreciation rates for US residential-income property
From: journalist-ga on 01 Mar 2005 15:13 PST
 
PS  For rental homes, this link should prove very helpful -
http://www.ofheo.gov/SiteMap.asp

I didn't locate apartments or duplexes in the short time I was there
but you may have more time to spend there to see if any rental unit
info is available.

Best regards,
journalist-ga

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