We are firm advocates of the theory that the news often makes the news...that is to say, present public sentiment shapes future public sentiment. Which is why the DealMakers Radio Show focuses on good news in the real estate market: by spreading good news, we help to influence the market in a positive direction...and the bad news gets enough press already.
Cutting to the chase, Costar has published the following:
With apartment vacancies appearing to have peaked, and U.S. rents even starting to edge up slightly, offerings of quality multifamily assets have attracted multiple bidders and secured premium prices in the first half of 2010, with investors having an especially keen appetite for institutional-grade assets in attractive coastal markets. ...
...Buyers in general are assuming they’re going to see hefty rent increases and continued demand recovery due to the shutdown of the supply pipeline and the improving economy, said CoStar Global Strategist Michael B. Cohen.
Read the whole enchilada: http://www.costar.com/News/Article.aspx?id=B4DDC752B7245C006B76C18CE64493DB&ref=100&iid=188&cid=D6FC41E12749CD60CC5ED210F3576757
