Looking at the aftermath of what has been aptly penned the "Great Recession," it is clear that one of the hardest hit regions of the recent economic calamity was the Southwestern U.S.-an area that posted vacancies above 13 percent and unemployment rates as high as 14 percent at the onset of the crisis. Yet over the last two years, key factors have shifted in favor of considerable multifamily expansion, and economists and investors are taking note.
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