Healthier housing market will put pressure on multifamily buildings

Although it believes that home prices are still too high, Fitch Ratings analysts acknowledge the recovering housing market — and point out that it might not bode well for multifamily units. With investors snapping up single-family homes to rent out, mortgage rates low, and unemployment dropping, who wants to live in an apartment?

CoStar has the story:

Looking forward, Fitch said it expects decreasing rent affordability for apartments and the increasing relative/absolute attractiveness of home ownership will cause multifamily demand and operating fundamentals to more closely track economic growth.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in The Buzz. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *