I hope everyone has been able to take some time out for themselves and relax for a little bit before the holiday season kicks starts with full force! We're so busy thinking of others that we barely have time to pamper ourselves, so treat yourself this weekend! Here's some news for today.
Landlords getting piece of real estate boom. While rents are up and vacancies down, a weak housing market could hurt if condos become rentals. Vacancy rates are dropping and rents are rising in many parts of the country. Landlords are pegging their hopes on continued job growth and the end of the single-family housing boom in 2006. But a weak housing market could hurt them yet again if unsold condos flood back onto the market as rentals. The national apartment vacancy rate dropped in the third quarter to 5.8 percent, the lowest point since the third quarter of 2002. Click here to read more.
High Yields, Total Returns. Many crystal ball readers are predicting tough times ahead for real estate investment trusts. But not all REITs are the same, and there are opportunities in any industry or asset class. It's just a matter of digging deep to find the right one. As an asset class, real estate investment trusts or REITs have had an incredible run for the past five years. There has been some variation among the different sectors, with REITs that focus on retail and self-storage performing well while office and apartment REITs struggle. Like those in many other industries, REIT returns have historically experienced boom and bust cycles, with rising interest rates often negatively affecting them. REIT's returns, however, have continued to be strong for the past year and a half despite interest rates' upward climb. Many believe that its only a matter of time before gravity takes hold and the highest-flying REITs plunge back to earth. Others, however, think recent gains are here to stay and that any retreat will be brief. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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