Slow Growth Beats No Growth
By: Nicholas A. Dunlap
Nationwide statistics published by New York research group REIS show that while multifamily occupancy rates continue to increase, rental increases are now starting slow. That is, both current and market rents still increased across the board (and continue to), just not at the year-over-year rates going back two years. Those in the industry know that the only thing hotter than the red-hot rental market is the white-hot investment market. There is very limited inventory available for investors and the prices are being bid up and up and up. And though the return may decline at such inflated purchase prices, the returns still outperform those of other asset classes, not to mention the dismal returns by the bank.
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