Mar
19

Real Estate – What Sector Recovers First?

By
– Forbes.com

Multifamily houses and rental buildings will lead real estate’s recovery, and signs are it could happen before the end of the year.

The real estate market is in limbo with housing construction down 47.3% from last year, as investors and homeowners expect the crippling market to respond to President Obama’s $75 billion program aimed at halting home foreclosures. But the question remains: Which pieces of the real estate pie will stay down the longest?

Expect retail properties to continue to lag, alongside metropolitan areas just starting to experience large-scale layoffs. Rebounding fastest should be multi-family rental properties and apartments, in addition to cities that didn’t overbuild to begin with.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.forbes.com/2009/03/18/real-estate-construction-intelligent-investing-recovery.html
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