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Follow on Google News | Just Published 3rd Qtr 2013 Income Rental MarketsLos Angeles, CA. The Center for Real Estate Studies (CRES) has just released their 3rd quarter 2013 publication "Market Cycles". It gives a forward look to more than 150 income rental markets with “buy and sell” recommendations.
By: Center for Real Estate Studies David Hicks, HomeVestors co-president, noted that the risk of investing in all markets across the country has decreased sharply. “Only six of the markets in the top 100 list are ranked as “speculative,” Employment is the engine that drives all local economies. According to the Department of Labor, in August, 18 states and the District of Columbia had unemployment rate increases, 17 states had decreases, and 15 states had no change. Nonfarm payroll employment increased in 29 states, decreased in 20 states and D.C., and was unchanged in Montana. “Until we can improve these figures dramatically, the income rental markets will recover but at a very slow pace,” according to Mr. Vollucci Investor confidence notched steady gains in the first half of 2013. The latest results from an exclusive investor survey conducted jointly by National Real Estate Investor and Marcus & Millichap shows a continued positive outlook for property performance and a strong appetite to increase investment over the next 12 months. ABOUT THE AUTHOR: Eugene E. Vollucci, is the Director of The Center for Real Estate Studies, a real estate research association and author of "How to Buy and Sell Apartment Buildings" To purchase a subscription to Market Cycles and to learn more about the Center for Real Estate Studies, please visit our web site at http://www.calstatecompanies.com End
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