Untitled

Commentaries — February 21, 2007

Is OER Set To Turn Lower? A sharp decline in apartment REIT returns relative to all REIT returns indicates a shift back from tenancy to homeownership at the housing market’s margin. Owners’ Equivalent Rent data will start to look softer in April, as will all inflation reports containing OER.

Open Is OER Set To Turn Lower?
A sharp decline in apartment REIT returns relative to all REIT returns indicates a shift back from tenancy to homeownership at the housing market’s margin. Owners’ Equivalent Rent data will start to look softer in April, as will all inflation reports containing OER.