March 5th, 2012
This week, we look at the latest reports from the housing market, changing attittudes about renting vs. buying, and a broad look at the multifamily market.
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Thank you for being part of the 37th Parallel family.
Kieran J. Donohue
Director, Communication and Education
The paradox holding back the economy Housing has not been this affordable in more than a decade, and interest rates are at historic lows. Yet, strict lending rules and a negative perception about home ownership are keeping the housing market in the doldrums.
Renting replaces owning as a wealth-building strategy Given the article above, it is no surprise that attitude about renting is shifting, as more Americans see renting as a smarter move than home-ownership in order to build wealth.
Multifamily seeing strong performance across the board. Several “lesser known” markets are enjoying strong performance. Plus we see continued reinforcement of Austin and Houston – two of our favorite markets.