The latest news for active commercial multifamily investors:
- Homeownership rates have fallen dramatically in the past 7 years. They are now back to historic averages. However, Millennials are lagging behind every other cohort in this key economic indicator. Until they catch up in the employment market, save enough for a down payment and qualify for a mortgage, the largest generation in the U.S. will remain renters.
- Market selection is a major component of your success in apartment investing. One thing you will find is smaller markets often have excellent fundamentals. These markets can be an ideal place to invest.
- Regardless of the size of the market you work in, you need to keep current on local news. This article is a must read for anyone interested in the Houston market.
- We have mentioned that insurance companies invest in apartments for steady dependable returns. They are not the only institutional investors to do so. Pension funds are also using apartment investing to meet their fiduciary responsibilities.