Thursday, January 5, 2012

Snippet from WSJ on Multi-units

Today’s WSJ details Federal Reserve action on the Housing market:

WSJ, January 5, 2012:

            …“Multifamily property has been the star of the real estate sector for more than a year, generating profits for landlords but headaches for renters struggling with the economic downturn…”

            …“By contrast to national figures, San Francisco’s landlords managed a 5.1% gain over the past year, while San Jose climbed 5%, fueled by a booming tech sector…”

… “The rental market has also been fueled by a dearth of new supply. Just 8,865 units were produced in the fourth quarter…the second lowest quarterly figure since 1999…”