As banks and other lenders await the shake-out from an economic stimulus package, credit is tight, and many potential first-time homebuyers are still on the sidelines, continuing to rent apartments. As a result, the multifamily market is maintaining resiliency. George Ratiu, Research Economist, gives us an overview of the multifamily sector. Read [...]
Archive for March, 2009
Multifamily Real Estate Trends
Final Tally for Multifamily is Grim in the Fourth Quarter
For months now, apartment executives and industry watchers have lamented what they’re seeing in the marketplace—laid-off workers moving out to find cheaper places to reside and new renters bargaining for more concessions. But only now, as data from the fourth quarter trickles in can we fully understand the carnage that closed out 2008.
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Government Stimulus Programs could benefit commercial real estate
By Denise Kalette
It’s been a busy week for President Barack Obama. On Tuesday he signed into law his $787 billion economic stimulus plan. Earlier today, he unveiled a $75 billion program to stem the tide of home foreclosures. To what extent will these moves benefit the commercial real estate industry? NREI asked a handful of [...]
Is now the best time to invest in Apartments?
Buying a small apartment building could be an attractive investment in the coming years, say industry observers. Read more >
Help on the way for Cedar Rapids landlords
Hot off the press today from the Cedar Rapids Gazette
from GazetteOnline – News Headlines
CEDAR RAPIDS and The City Council last night hired a local firm, Transitions Made Better Inc., to administer housing rehabilitation funds for landlords with flood-damaged properties.Earlier Wednesday, Paula Hinzman Mitchell, supervisor in the city’s Housing Services office, said the city expects the [...]
