Monday, January 31, 2011

Wall Street Journal: Housing Woes Lead To Apartment Surge

"Falling home prices and lethargic sales have been bad news for homeowners, but a boost for one group of real-estate investors: apartment-building landlords.

"With millions of families switching from being homeowners to renters, apartment-building values have soared. Investor demand is so intense, prices of some properties are approaching values last seen in mid-2007.  Read the full article.