Welcome! If this is your first time visiting Jason Hartman's website, please read this page to learn more about what we do here. You may also be interested in receiving updates from our blog via RSS or via email if you prefer. If you have any questions about real estate investment feel free to contact us anytime! Thanks!
Multifamily Demand to Exceed Supply
Multifamily Demand to Exceed Supply
The multifamily property market must significantly increase supply to meet demand in the years ahead, according to the National Multi Housing Council. The Washington trade group projects the number of households that rent will increase by four million over the next 10 years, with half of them renting apartments in properties with five or more units. Looking back at 2007, the group said the number of renters in professionally managed apartments increased by its largest annual amount since 2000. Demand is being fueled mainly by a reduction in home ownership levels caused by the housing slump that began last year.
Happy Investing,
Jason