Apartment Sector Strength Reflects Macroeconomic Trends
Real Estate Weekly reports: As American families look to contain their costs of living, or are evicted from their single-family homes through the foreclosure process, many households are turning to the rental market for a low-cost alternative. This flood of new renters seeking apartments, particularly in cities with better-than-average employment prospects, is significantly improving fundamentals and encouraging investment in the apartment sector.
As transaction volume in the apartment sector has ramped back up, lenders active in multifamily lending have cautiously reengaged as well. Real Estate Weekly recently cited Real Capital Analytics to state that, “competition among lenders has increased and that new funding is coming not only from U.S. banks but also from foreign banks, insurance companies and investment funds, as well.”
For more positive signs from the apartment sector, please see the full article on Real Estate Weekly’s site.
View the full article on Real Estate Weekly: Apartment Sector Strength Reflects Macroeconomic Trends
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Posted by: Nina Turner