Multi-family housing developers have benefitted from the recession and a tight lending climate, but rentals are often being constructed in areas with strong seller’s markets, according to apartment pipeline data from Axiometrics cited by the Wall Street Journal. Areas with a true sellers’ markets – cities like San Jose, Calif., San Francisco, Austin and Phoenix – are seeing a surge in multi-family development because buyers are willing to rent while they wait for a more [more]
![]()