National Real Estate Investor Magazine published an interesting article in the Jan/Feb 2010 issue.
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.
I create amazing WordPress websites for people and organizations world-wide! http://CyberInnovation.com
I help people and organizations obtain better marketing results on the Internet
Visit http://LifeIsTooBusy.com and enter your email to watch our video and get more details in your inbox.
What about Bob?: http://BobRandklev.com
Latest posts by Bob Randklev, CCIM (see all)
- Two 4 plex apartments for sale in Fairfax, IA - November 19, 2013
- 8 unit – 2 bedroom apartment buliding for sale in Fairfax, IA - November 19, 2013
- Correction: Apartment properties NOT eligible for Iowa Property Tax Relief Act - November 5, 2013