Apartment Market Shows Staying Power

The multifamily sales market continues to show strength, much to the relief of many landlords who were worried the market would weaken, Chesley Dulaney reported yesterday on wsj.com. 

Rental apartment buildings were among the first types of commercial properties to rebound after the recession.  

But as early as 2011, some analysts were predicting the sector would cool off, fearing competition from improving home prices and the fledgling single-family rental market, Dulaney wrote. 

However, those thunderclouds passed without a storm. The competition from the sales market has been weaker than expected largely because mortgage lending has continued to be restrictive, Dulaney reported. 

For more: http://kenallensforum.blogspot.com/