(1) Mountain Brook, a Birmingham suburb, is the tenth most likely town to be hit hard by the financial crisis. The basis of this claim is that 18.66% of the population is employed in the FIRE sector. If you are not familiar with the definition of FIRE, it is Finance, Insurance, and Real Estate. (Source: Business Week)
(2) Birmingham, Alabama is the second highest multi-family market based on most-improved annual effective rental rate growth which is 2.00% from 3Q07 to 3Q08. (Source: Axiometrics)
The above facts were taken from the Commercial Investment Real Estate magazine January/February edition. This is a publication fo CCIM candidates and designees.
Wednesday, February 4, 2009
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