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Brecht Palombo is an accomplished real estate investment sales broker and auctioneer who is licensed throughout New England. Brecht has been the lead on a number of large Boston area auction transactions and has sold numerous residential developments and multifamily properties. Additionally Brecht is also CCIM candidate and represents Tranzon Auction Properties thoughout Southern New England.

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Local Broker Successfully Predicts Rental Market

February 20th, 2008 • Related • Filed Under

Alright the headline is a bit self aggrandizing but last September I wrote a post about about how and why residential rents were going to go up and that multifamily investments are a smart play as a result. Today I get some satisfaction.

CoStar’s Randyl Drummer reports that multifamily investing is a bright spot in the dark cloud that’s hanging over many heads in real estate today. Drummer reports

Year-over-year apartment growth has slowed due to the softening job market and increasing supply, but market conditions for most multifamily owners and developers remain relatively stable. Renters — by choice or not — are keeping occupancy high at most properties by staying put rather than venturing out to buy homes, analysts say.

You heard it here first folks.

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