The mortgage housing crisis of 2008 created a new normal in real estate economics. Our experience and knowledge of the local marketplace corresponds with those who see Multi-Family housing as a market leader going forward. Difficult lending conditions for new homeowners, new jobs created going to a younger population inclined to rent, and vacancy rates declining in all US metro areas* are all realities that create opportunity for investors.
Paseo Properties is at the forefront of this generational shift from owning to renting and would be happy to discuss any interest you have in investing in multi-family apartment buildings. Feel free to contact us to discuss further.
*Source: Marcus & Millichap real estate investment services, 2011