Industry NewsMarkets & Economy

Military housing markets not immune to downturn

ERA Real Estate: Negative equity, price declines boost demand for rentals
Published on Nov 11, 2011

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by CareyBot

The transient nature of military life can provide a boost to housing markets with a military presence, but such markets have had their share of struggles from the housing downturn, including negative equity, price declines, and tight lending standards, according to a snapshot of five military markets from ERA Real Estate, released in time for Veterans Day.

"Military housing markets are definitely insulated but not immune to broader economic pressures," said Charlie Young, ERA Real Estate's president and CEO, in a statement.