In contrast to the markets for owner-occupied homes, rental housing markets across the nation have recently strengthened somewhat, as I mentioned earlier. Fueled by increased demand from families who are either unable or reluctant to purchase homes, rents are up and vacancy rates for multifamily properties are down in most metropolitan areas.
BIS Review 40/1998  ˝  -3-  The search for optimal size in asset management activities, international diversification strategies and the need to create efficient integrated structures for the production and distribution of financial products have given rise to mergers between some of the world’s leading intermediaries. The growth in asset management has contributed to financial deepening in the leading industrial countries.