Resource’s Finkel Talks Housing
Capitalizing on multifamily units may be a good alternative to stocks and bonds.
March 3, 2017 | by Dawn Reiss | U.S. News & World Report
As investors search for alternatives that can help diversify their stock and bond-laden portfolios, some are turning the real estate market. If you’re not into flipping houses, there’s a lot to consider if you want to invest in real estate.
While unemployment rates have steadily fallen since their 10 percent peak of the Great Recession in 2009, median household income continues to stagnate, remaining 1.6 percent lower than it was in 2007, adjusted for inflation.
“This, together with the likelihood of rising interest rates, means that homeownership will remain depressed and affordable apartments will be in demand by the country’s workforce,” says Kevin Finkel, executive vice president of Resource Real Estate in Philadelphia. “With unemployment back to pre-recession levels, more and more young people will be leaving home and forming households, and they prefer to rent.”
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