During the second quarter of 2016, the homeownership rate in America fell to 62.9%—the lowest it’s been since 1965. The reasons for this decline include a mix of factors, including the lingering effects of the 2008 financial crisis, strict lending regulations, and expensive real estate costs in major cities. Other experts also cite things like [...]
If you look at big metropolitan areas, such as Los Angeles, Chicago, or Houston, it seems that high-rise apartment buildings are being built nonstop. These sleek glass and steel structures appear as if they’ve been lifted out of a postmodernist masterpiece. But despite the incredible appeal of these skyscrapers to renters and real estate investors, [...]
In the recent issue of National Real Estate Investor Magazine, Michael published this special feature, Multifamily Property Acquisition Strategy, for NREI's Outlook:2017. Click here to read more of Michael's stories at nreionline.com.