Investment Real Estate Market is now Declining
August 25, 2008
For many parts of the country, investment real estate was the one bright spot in an overall sluggish industry. Now, it appears that the investment real estate market is now declining. The renters that would be occupying the units in apartments, and other multi-family dwellings, are now moving in with friends or family, to help save costs from a slowing economy. This has resulted in vacancies in a lot of multi-family dwellings. A lot of this can be tied to job losses. Persons may have lost their homes due to a foreclosure, but now the economy is causing some of them to lose their jobs as well – the result is that they end up having to move in with friends or family instead of living in their own home. The one positive is that this has created some activity with many real estate investors selling their inventory to other real estate investors.
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