Lending to Apartment Developers Is Up 18.5% While Banks Remain Cautious With Single-Family Buildersadmin / 0 Comments /
Banks are giving the green light to large apartment development projects in record numbers according to a new report issued by the Mortgage Bankers Association. The overwhelming vote of confidence from lenders for the multi-family housing market has some speculating whether the market is getting overheated and may be headed for the same problems single-family home builders experienced in 2008. Others say high rent prices and low vacancies are indicators that multi-family housing is still an issue for millennials and other non-homeowners. Diana Olick, CNBC’s real estate correspondent, explores the concern in herl atest RealityCheck column. Read the entire story.
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