Multi-family market strong in 2004.The multifamily housing sales market will perform well in 2004 during the expected recovery, according to according to
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Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield's national multifamily business.
"Apartments have come into their own as an investment class over the last three or four years," said Misner. "They are certainly a viable investment option in good economic times.
"Job creation makes apartments more attractive."
Misner said the levels of capital flow activity, which have been healthy option as renting, "But that could change if interest rates go up."
The multifamily market remains a preferred investment sector.
National sales volume is expected to be at least 15 percent higher in 2003 than 2002.
Misner said that, because apartments are based on one-year adj. 1. completing its life cycle within a year.
Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants"
phytology, botany - the branch of biology that studies plants leases, the multifamily owners can adjust to economic conditions faster than owners of other commercial property.
With anticipated job growth, a primary demand factor for the demand for apartment units, the apartment sector will continue to see strong investor interest.