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National Apartment Survey: Rental Property The Better Investment A Recent Survey
National Real Estate Investor and Marcus & Millichap 55% of all respondents to the survey believe that now is the time to buy apartments. Owners are beginning to see improvements in vacancy rates
and
rent rates are rising. We are coming off a low low bottom, but there
is improvement. The study shows that 41% (31% in 2009) of owners
responding to the survey think rent rates will improve over the next
year and 70% feel that this is the time to buy.
Financing Looking up 34% believe that institutional lenders are increasing their lending volume, 28% see an improvement in Commercial bank lenders and 19% in FHA. I wrote piece on how the FHA funding of single family homes has skewed the market. I think when reform comes to the FHA, the money allotted to rentals will be significantly higher than it has been. SEE LINK Mixed Use Space Risky bet Rental property with commercial or storefront space remain risky. A two unit building with a store down is a liability in a recession. And in this one, with consumers paying down credit cards, we are seeing a spike in empty retail space. I would undervalue the benefits of storefront retail space until we see a pick up in job growth. Vacancy rates in retail spaces rose 10% in 2010, according to the survey  A Better bet Morgan Stanley analysts expect housing prices to continue to slide, reaching new depths in
2012.Morgan Stanley expects 2011 home prices to fall 5% to 10% from this
year with four years of flat prices after that, although the risk of
slight additional downside in prices and extension of the trough to
2012, has increased. Via Housingwire
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