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Bank owned condominium units might soon become attractive again. Rental rate increases are being predicted and renters are expected to look for alternatives.
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Foreclosed apartment buildings are expected to gain market share in Minneapolis in 2011. The prediction was based on a decline in multifamily building permits.
Bank owned repos depressing residential values are not the only problem for U.S. households. Housing costs are also taking a huge percentage of their income.
Relocation of residents is already starting in Jersey City as the area undergoes revitalization. The area received a grant from the U.S. federal government.
Bank owned REO property hunters will get the best chances of securing a great deal in Atlanta. Analysts reported that the area is highly suitable to homebuyers.