Multi-family Housing Market Becoming Stronger
Multi-family housing is a very important part of our real estate market here in Hawaii. So it is good news that sales are picking up nationwide.
According to Realtor.org, "Buyers believe the sector is a sound bet because current prices are below construction costs in many cases and rental business is improving. Plus, there has been little additional development in the past couple of years and some industry analysts believe that shortly there will be a shortage in some markets.
"Financing for apartment buildings is at a 50-year low, with seven- to 10-year mortgages available for as little as 4%."
Call or email me to look at some mult-family housing units on Oahu.
Barbara Abe, Realtor
808-226-2537
barbara@barbarashawaii.com
www.barbarashawaii.com
www.movetohawaiikai.com