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With a new year on the horizon, our real estate agents foresee many exciting developments in New York's real estate market. If you're considering purchasing a home in 2025, it's a good idea to prepare yourself for what lies ahead. Our tips will help you take actionable steps toward purchasing your dream home in the coming year.
As the nation's unemployment rates slowly recover, the apartment industry continues to see strong demand for new employees in order to keep up with a growth rate that is expected to increase as people opt to rent apartments. Approximately 35 percent of U.S. households are renter households, according to data from the U.S. Census Bureau. That number is up 4 percent from 2004. It is likely to climb even higher as the number of renter households increases anywhere from 360,000 to 470,000 annually over the next decade. Ultimately, that increase will translate into the creation of more well-paying jobs in the apartment management industry, which has come through the recent recession relatively unscathed by the layoffs and downsizing that have plagued other businesses. "The reality is that at no point in time have we seen a significant reduction in the number of apartment units in the United States," says National Apartment Association Education Institute (NAAEI) President Maitri Johnson....
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