Why Apartment Landlords Are Confident About 2024
Although inflation has boosted the price of labor, land and materials and interest rates took off, the outlook is still rosy for investing in multifamily housing, some experts say. One reason is that household formation is strong: Young people are itching to move out and feeling bullish about their jobs and incomes. Another reason is that people are reluctant to buy homes because interest rates are hovering over 7 percent. And there are few homes to be had, because owners aren’t budging — they don’t want to sacrifice their low interest rates. In addition to this, it’s becoming easier to collect on owed rent now that pandemic protections have ceased. And finally, new avenues for funding are opening up in some places.
Source: https://www.globest.com/2023/
