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 has increased to one-third of all households, as the homeownership rate continues to drop from its peak of 69% in 2004.”
Speaking for Iowa and the Midwest in general we don’t see the major ups/downs in the real estate markets of the east and west coasts. We have seen a pull back in CAP rates and financing which in turns puts down pressure on values but experienced investors are finding great deals during these times!
2010 has started as a very busy year and we have placed a number of multi-family properties under contract with a number of new listings coming soon!
If you have any comments or ideas please post below.
