News
Housing Predictions for '14
January 2, 2014
Rental action will swing back toward urban apartments in 2014, predicts Trulia chief economist Jed Kolko. (Above, Nema apartments celebrate a grand opening next to Twitter's HQ.) Investor purchases of single-family homes to rent will decline, but multifamily construction in 2013 will add to the supply of urban rentals in 2014. These apartments, not single-family homes, will be the first stop for many young adults when they finally move out of their parents' homes and become renters, he says. (Whereas their parents' first stop will be a celebratory trip to the spa.)
