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This Week's Most Popular

Better Times Ahead for Apartments

Published Friday, January 01, 2010

Though the apartment market is seeing signs of financial stabilization, and the longer-term outlook for apartments remains good, in the short run the statistics are rather bleak. Transaction volume in 2008 was down by more than 60% compared with the 2007 peak, and volume for the first half of 2009 dropped by 77% compared with the same period a year earlier. The debt markets remain tight, and both short- and long-term capital are still difficult to obtain. While some insurance companies have become active lenders on a limited basis, their business is a fraction of what it was ...

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