Thanks to a favorable combination of limited supply and demand edging up, market conditions for the multifamily sector are likely to be favorable in 2012. As well, the tepid market for home buying is likely to continue into 2012, further boosting rentals.
Although multifamily market observers expect that the economy will merely plod along in 2012, not improving much from 2011 levels, they still expect somewhat higher vacancies and effective rents.
This sanguine outlook is based on the expectation that the U.S. economy does not dip back into a recession and that there is no significant spillover from the European debt crisis.
Read more...Multifamily’s Future in 2012 Via MHNonline