ALTHOUGH ECONOMIC conditions are improving in Connecticut's Fairfield and New Haven counties, the turnaround has yielded only modest changes in apartment fundamentals so far this year.
Greenwich, Conn., gets hammered by job losses but short- and long-term demographics bode well for the city's apartment market.
With limited additions to rental supply and favorable regional economic trends, apartment fundamentals in the Providence metropolitan region have been strong in 2007. Additional apartment demand has been spurred by positive economic trends in the area, including solid job growth and encouraging demographic shifts. Despite a slight decline in single-family home prices this year, apartment owners are expected to get a boost from the area's high-priced housing market, as a lack of affordable alternatives stimulates the local renter pool.
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