it was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness...
Salt Lake City, UT (PRWEB) December 29, 2008
More than one expert in the news media said this is the 'worst' of times' for real estate companies and investors. And it was, for some, but not for RealSource. Charles Dickens aptly wrote, "it was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness..." And that summarizes the situation today. It may be a difficult time for many investments, but it's a great time for multifamily real estate investors.
"Multifamily has traditionally been considerably more recession proof than any other form of real estate investment simply because people always need a place to live. In a recession, housing affordability is taken off the table. If people cannot afford to get into that starter home or to stay in their current home, they look to rental property as the solution for those living needs," said Michael Anderson, RealSource Founder and co-owner. "Today, we are probably seeing the very best of times as far as an increase in rental demand, the predecessor of pushing income and thus the value of multifamily real estate."
A recent study by two prestigious organizations backs up Anderson's claims. A key finding of the Fourth Quarter 2008 Real Estate Research Corporation /CCIM Investment Trends Quarterly, found that the apartment sector, the only safe haven for investor dollars, earned the highest investment conditions rating at 6.2. Since the first economic salvos hit the economy in 2007, Third Quarter of 2007, apartments have led all property types in this category. Apartments also led the other key property types in two other categories: return versus risk, where it scored a 6.1 rating, and value versus price, where apartments scored 5.0. The value versus price analysis indicates survey respondents maintain the value of apartment properties are equal to the price paid.
"Investments in multifamily properties are solid and stable opportunities when they are made in the right properties, in the right markets, and at the right times," Anderson added. "We provide investors with an economic staff and research that tracks 363 MSAs nationwide, and tools and technology to keep them connected to their properties as if they were able to manage them directly themselves."
The RealSource niche, since 1989, is multifamily investments. RealSource presents income-producing opportunities to clients and pays affiliate brokers the commissions and referral fees they deserve - again and again.
Based in Chicago, the CCIM Institute confers the Certified Commercial Investment Member (CCIM) designation to commercial real estate professionals through an extensive curriculum of 200 classroom hours, in additional to professional experiential requirements. Currently, there are 9,500 CCIMs in 1,000 markets worldwide. An additional 9,500 practitioners are pursuing the designation.
Real Estate Research Corporation (RERC) was one of the first and continues to be one of the most recognized commercial real estate research, valuation, and consulting firms in the nation. RERC research, publications, market studies, property valuations, investment criteria, and trends analysis have offered sound insight for the industry for 75 years.
To schedule interviews with Mr. Anderson, contact Peter L. Mosca at 732.841.4778 or go to http://www.realsource.net/bestoftimes.