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Hey folks,

This article published in the Wall Street Journal and the Dailt Real Estate news indicates that Multi-Family properties sales are improving. With higher Mortgage qualifications fewer people are qualifying for home financing. In Alaska, there still very reasonable Multi-Family deals and rental values are rising. If you would like more information on the multi-family housing market call or e-mail me. I have extensive experience and many tools we can use to find the right property for your situation.

Remember, my business is built on referrals. If you or someone you know is in need of Professional Real Estate Services, please consider me. I can be reached as follows;

Michael J. Droege

Prudential Jack White/Vista Real Estate

907-230-3372

mjdroege@gci.net

http://www.MichaelDroege.com

Daily Real Estate News  |  September 22, 2010  |   Share

Multifamily Property Market Is on the Mend
Sales of multifamily housing is picking up nationwide, commercial practitioners say.

Buyers believe the sector is a sound bet because current prices are below construction costs in many cases and rental business is improving. Plus, there has been little additional development in the past couple of years and some industry analysts believe that shortly there will be a shortage in some markets.

Financing for apartment buildings is at a 50-year low, with seven- to 10-year mortgages available for as little as 4 percent.

The sector could face some pain. Yields are about 5 percent while a year ago investors were getting close to 6 percent with about a quarter of the transactions involving distressed sellers.

Source: The Wall Street Journal, Dawn Wotapka (09/22/2010)