S&P's Real Estate Exuberance Looks Irrational - Bloomberg View
housing, a very leveraged investment, is primarily driven by financing costs....
...In the third quarter, apartment rents fell in San Francisco, New York, Houston and San Jose, the first drops after six years of boom. Nationwide, rent increases slowed for the fourth consecutive quarter, rising 3 percent in the third quarter compared with 5.2 percent in the year-earlier period.
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