The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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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.