Evidence there’s always a Bull Market somewhere, even debacles like housing
Even as RealtyTrac reported a 121% increase in foreclosures year-over-year to 739,714 properties, not all in the residential real estate market is bad. AvalonBay Communities Inc. (AVB) and Sam Zell’s Equity Residential (EQR) both reported strong quarterly results with AvalonBay raising full year guidance. This reminds us that there’s always a bull market somewhere, even in implosions like the U.S. housing market. This time it’s in the apartment owner space in certain locations.
Referenced Article: Reuters-Location key as apartment owners post strong results
Recommended SuckingLess.com Research Tools:
- RealtyTrac: Latest Foreclosure Trends, News, Property Listings
- The Mortgage Lender Implode-O-Meter: Tracking the Housing Finance Breakdown
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