Apartment Sector Is Poised for Recovery
By Caitlin Jones
1 min read
Tax Credit Advisor, November 2010: The apartment market is gradually improving and headed for a major uptick a few years out, once employment and new household formation levels are robust again, according to officials at Marcus & Millichap, the national real estate brokerage firm.
“Clearly we’ve reached bottom and the market is poised for pretty good recovery in the apartment sector,” said Linwood Thompson, speaking on a September 28 Webcast along with Hessam Nadji and William Hughes.
The trio, discussing multifamily rental housing generally, noted that the favorable trends and outlook are the result of positive signs regarding the economy, demographics, the capital markets, and transaction activity. Read More..
