Residential market conditions show improvement.
The National Multi Housing Council (NMHC, Washington, DC) has released the results for their quarterly survey of market conditions, according to Michael Tucker in a May 7, 2010 press release.
For over a decade, the organization has surveyed CEOs and other senior executives of apartment-related firms who serve on the Board of Directors or Advisotry Committee in four key areas: market tightness, sales volume, equity financing and debt financing. The quarterly nationwide results are available to interested persons HERE.
April 2010 numbers reveal an improving residential rental market.
- Market tightness made the largest gain quarter over quarter by increasing, meaning demand and rents are up.
- Sales volume is up, indicating the market is moving again and there are both buyers and sellers in the marketplace.
- Equity financing is generally available, indicating there is interest in the market and optimism for residential real estate.
- Finally, debt financing showed slight signs of improvement, indicating it was more available than it was in January 2010 by returning to levels reported in October 2009.
For a complete look at the historical numbers since 1999 visit: www.NMHC.org/goto/QuarterlySurvey09.