Wednesday, September 29, 2010

Wherefore Art Thou, Distress? -- Apartments March Ahead

The nation’s apartment sector appears to be recovering faster than other segments, in a sort of “first in, first out” play on the recession.

In the second quarter, the multifamily mortgage default rate declined by 47 basis points, from 4.63% to 4.16%, falling below the commercial default rate for the first time in two years. Read more at the National Real Estate Investor online in their story: Wherefore Art Thou, Distress?