The multifamily sector has emerged as the clear leader in the investment real estate sector. Apartment fundamentals, which improved last year, will gather even greater momentum this year, according to the 2011 National Apartment Report (NAR) released by Marcus & Millichap Real Estate Investment Services.
All 44 of the markets surveyed in the NAR are expected to post employment growth, vacancy declines and effective rent gains this year.
The supply constrained markets, mostly as a result of rent controls, of New York City, Washington, D.C., and Boston were ranked highest in this year’s National Apartment Index, a snapshot analysis that ranks the 44 markets based on a series of 12-month forward-looking supply and demand variables, including forecast employment growth, vacancy construction, housing affordability and rents. Meanwhile, Detroit, Las Vegas and Jacksonville ranked at the bottom of the NAI.
Just shows living standard decline...Americans are going to live like Europeans because the voters are too stupid to be free.
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