Good News!
By Randyl Drummer of CoStar Investors continue to prefer U.S. apartment buildings over most commercial properties, even commercial office space, as total multifamily sales volume jumped nearly 80% in the second quarter over the same perioud last year. Although still just a fraction of its mid-2007 peak, the nearly $15 billion in sales in the quarter brought total investment for the first half of 2011... Read More »
On May 6, 2010 NYSE stock values took a roughly $1,000,000,000,000 (trillion dollar) hit in about 20 minutes. Fortunately we discovered it was only a glitch in the automated trading programming and not a reflection of broader investor sentiment. Stocks rebounded in short order. Yesterday, August 8, 2011 it took much longer (all day) for the Dow Jones Industrial Average to drop 635 points, losing... Read More »
Over the last few months I’ve been telling folks that if they wanted to be a genius in 5 years they should make smart real estate investments now. My other refrain is that they were in no danger of profiting from multifamily investments until they take action. The focus of this article is the fundamental question: “When should I invest in multifamily?” Just as in nature where... Read More »
The Portland multifamily investment community has had a lot to smile about thus far this year: Maximus Advisors, a multifamily research firm states that we are entering into four years of improving conditions for multifamily. Portland’s 4% occupancy rate was cited recently as being the second lowest in the nation’s 75 largest MSAs. We were also cited as having the second highest rate... Read More »
From Bloomberg: Rent increases replaced landlord giveaways as U.S. apartment vacancies dropped in the second quarter to the lowest in more than three years, bolstered by rising demand on the West Coast, according to Reis Inc. (REIS) The apartment vacancy rate fell to 6 percent in the three months ended June 30 from 6.2 percent in the first quarter and 7.8 percent a year earlier, the New York-based... Read More »
