apartment
“Apartments are the one property sector we’re most nervous about,” Buss said. “There’s way too much supply.”
Apartment developers just keep building, he noted.
The worrisome supply could get worse if the red-hot condo market cools and becomes competitive with its rental “cousin” — or, more troubling, if the condos themselves become rentals.
“Strap in,” Buss wrote in the report. “It could be a bumpy ride for apartments in 2005.”
Excerpt taken from the Study: Real estate still hot article on CNN/Money.
My roommate gets married in the summer so I’ll be finding a new apartment after the summer is over. No, I’m not roomming with him and his soon to be wife until the end of the summer! Actually, I’ll be overseas in Romania for the summer, so when I return I’ll get an apartment within 2 days of my return. My hope is that the article above is true so I can get locked in at a good rate!
