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Bruce Sturman Managing Director
Bruce Sturman Managing Director
February 28, 2011 Real Estate news in Manhattan,New York, United States of America
Bruce Sturman ofThe Maxal Group believes that 2011 brings opportunity in RE market.
FOR IMMEDIATE RELEASE
Manhattan,
New York,
United States of America
(Free-Press-Release.com) February 28, 2011 --
Bruce Sturman ofThe Maxal Group believes that 2011 brings opportunity in RE market.
Among asset class, the residential rental market outranks all other sectors with favorable demographics and housing bust should increase renter demand, with rent spikes to take place by 2012.
Among asset class, the residential rental market outranks all other sectors with favorable demographics and housing bust should increase renter demand, with rent spikes to take place by 2012. The availability of bank and financing by Government Service Enterprises, Fannie Mae and Freddie Mac bolsters investors desire to own residential assets.
Industry leaders concur with many of the survey results saw the real estate market in cities like New York and Washington was ending due to zero interest rates and lots of capital. There is a thirst for multi residential apartments selling today at 12 to 14 times the current rent roll. With ten year treasury at 2.43 rate, and Fannie and Freddie offering rates at 4% everyone wants to own multi apartment buildings."
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