MultiFamily Executive reported the apartment/multifamily recession is now over!
Most of the examples are outside the midwest but good market conditions on the coasts generally lead to better conditions in the midwest.
Read the entire article here:
http://multifamilyexecutive.com/dispositions-and-transactions/lets-make-a-deal-apartment-transaction-volume-surges.aspx?rssLink=Let%E2%80%99s+Make+A+Deal:+Apartment+Transaction+Volume+Surges
Archive for News
Another solid report of the MultiFamily recovery!
WSJ reports Multifamily Sales defy the slump
In this article: http://online.wsj.com/article/SB10001424052748703399404575506283325123138.html?mod=residential_real_estate the Wall Street Journal reports multifamily sales are on the rise. We’ve seen similar activity in the midwest and really never saw a decline in multifamily apartment sales.
The second quarter 2010 sales were up 32%!
If you’re thinking of buying or selling multifamily apartments contact us and we’ll help you find the [...]
REJournals reports MultiFamily remains top market performer
Recently in an article published by REJournals
http://www.rejournals.com/2010/08/01/multi-family-market-remains-top-performer-in-midwest/
Ed Padilla didn’t hesitate to say the strongest commercial market today continues to be multifamily!
Loopnet reported Multifamily Fundamentals Bouncing Back
Multifamily sector fundamentals are bouncing back after about two years of steady declines, according to Reis Inc.
The New York research firm reported that the sector’s asking and effective rents both rose in the first quarter after dropping in the six preceding quarters, while its national vacancy rate held flat at 8% after [...]
Better Times Ahead for Apartments
National Real Estate Investor Magazine published an interesting article in the Jan/Feb 2010 issue.
http://nreionline.com/property/multifamily/real_estate_better_times_ahead/index.html
Although they talked about the problems around the country with the apartment markets they also talk about the future upside:
“Demographic trends are favorable for the apartment market over the next decade and beyond. In fact, the percentage of U.S. households that rent [...]
Five MultiFamily Stories to watch in 2010
http://MultiFamilyExecutive.com posted an interesting article in January about five stories to watch in 2010!
The link to the article is here: http://multifamilyexecutive.com/multifamily-trends/five-multifamily-stories-to-watch-in-2010.aspx
Property Values continue to drop and financing is at best tough but there are some amazing deals out there compared to a short 12-24 months ago.
Construction starts continue to remain low which could signal a [...]
Cedar Rapids real estate mentioned in Wall Street Journal
I’m sure you’ve heard how bad the real estate market is across the country but the Wall Street Journal named Cedar Rapids as one of the bright spots across the US!
http://blogs.wsj.com/developments/2009/01/27/more-home-price-data-prices-at-2004-levels/
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 [...]
Thinking of investing? Borrow at 6% buy at a 9% Cap Rate!
This is an excellent time to be thinking of a real estate investment. Local lenders are still lending at excellent rates. You can make 2-4 % on the Bank’s money and 8-10% on your equity. Try that in the stock market right now.Area banks have plenty of money but want 20-25% down. They are [...]
Improving your returns in 2009
Interest rates are near historic lows creating excellent opportunities to buy or to refinance current properties. We are seeing 6% or less Loan Rates with 5 to 10 yr. balloons and 25 yr. amortizations. If you don’t refinance, we suggest you ask yourself a couple of questions.
1-Am I earning a market rate of [...]
