Unemployment to remain high, apartment rents on the rise
Unemployment will remain high for another five years, apartment rents will rise next year and retailers have to compete with e-commerce by making shopping a more enjoyable experience, panelists predicted Thursday at the 23rd annual economic forecast breakfast sponsored by the local chapter of the Institute of Real Estate Management.
Apartment prices rose in the third quarter by an average of 3.6%, the Housing Ministry said Tuesday.