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Multifamily still comes out the winner in commercial sector stability. The apartment market ranked best among commercial sectors per the latest edition of the Investment Trends Quarterly report (courtesy of the Commercial RCA Report of the Nat'l Assoc of Realtors). According to the same report, the Midwest Region ranks second highest for the least amount of distress in comparison to other regions throughout the country; article courtesy of Ben Thypin, Senior Mkt Analyst of Real Capital Analytics, Inc. Both locally and regionally, cap rates and apartment rents have remained stable. Iowa has consistently kept its unemployment lower than the national average. The national average stayed relatively the same at 9.9% for April, 2010.
As of April, 2010, the Iowa Quad-City unemployment rate for Scott County stayed the same at 7.7%; Clinton and Muscatine Counties both decreased to 7.9% & 8.9%. Iowa was relatively the same in April at 6.9%, which was well below the national average.
All four Illinois Quad-City rates decreased from March to April: 15.4%, 12.1%, 12.5% and 11.8% for Mercer, Henry, Whiteside and Rock Island Counties, respectively . Illinois decreased slightly in April to 11.2%.
The multifamily market has stayed consistent, with stable demand for our product. Apartment vacancies have also remained stable, depending on the market, as many former homeowners look for different housing options. Interest rates have stayed consistently low, although investors are finding that the loan-to-value ratio, or the funds needed to secure a loan has increased as lenders continue tighten their lending requirements. Multifamily continues to be a sound, concrete investment.
Multifamily is my specialty; I've been in the real estate business for 30 years dedicated to apartment sales. With almost 50 years of combined experience, my sales staff, combined with our excellent support staff, are able to provide exceptional service to our clients while assisting them through the buying and selling process. We know the multifamily market and we stay current on issues that are important to our clients such as local/national/global economic issues and events, current interest rates, apartment vacancies, supply & demand issues, cost of construction, etc. All of our clients have a personalized marketing plan for their property(ies). We utilize the multiple listing service; the internet: LoopNet, Catylist, postlets, Craigslist, CCIMNet, CoStar; local, regional and national newspapers including the Wall Street Journal and our promotions that go out to investors all over the U.S.
Please feel free to browse through this site which offers direct access to the latest properties for sale in your area. Featuring extensive community information, consumer links, school information, free reports, answers to commonly asked real estate questions and more, you'll find everything about real estate within one easy source.
Whether you are a first time buyer or an experienced investor, we can help you will find useful information about how to choose the "right" property for you, making an offer, negotiating, financing, interest rates and everything involved in making an informed real estate decision in today's market.
For a list of properties that we currently have listed for sale, please view the following tabs on the left: "My LoopNet Listings" or "Current Listings".
If you do not see a property that fits your current needs, please let us know because we often find one that does. |
