Hottest Real Estate Markets For 2001

Many of the markets that registered the strongest demand last year now have a relatively limited number of units available.

1 minute read

February 27, 2001, 11:00 AM PST

By Chris Steins @planetizen

In contrast to the soaring absorption recorded in many cities last year, the near term will likely bring a slowdown in demand. This trend in part reflects the nation's business cycle. The pace of new job formation cooled in about two-thirds of the country's major metropolitan areas during the last part of 2000, and other measures of economic activity suggest that the nation's economy's slowing-for a soft landing, it is hoped. Slower economic growth points to moderating total housing demand. Product availability levels also should cap apartment absorption potential in 2001. Many of the markets that registered the strongest demand last year now have relatively limited supplies available for lease-the result of robust absorption of desirable existing apartments or fewer new units coming online.

Thanks to Urban Land Institute

FULL STORY: Hot Markets in 2001

Tuesday, February 27, 2001 in Urban Land Magazine

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.