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Sep
07

Apartment Industry is Making a Comeback

By on Sep 07

apartment industry

Atlanta apartment industry

There was a time when homeownership was the American Dream and rentals were thought of as just a transitory option (like I just graduated from college and still eat ramen noodles every night for dinner, but enjoy being on my own). Then, the housing market crashed, seeming to solidify dream of owning a home with many inexpensive homes suddenly available.

With the housing market inundated with inexpensive homes, foreclosures and short sales after its crash, many in the apartment business were wondering what it meant for them (and at first, it wasn’t looking too good). But now, it seems that things are taking a turn for the better according to a
Wall Street Journal article.

Among the companies reporting good news for the apartment industry is Atlanta-based Post Properties, Inc. The company asserts that the average occupancy rate is up from the previous year and now sits at 95.5 percent.

So, what’s fueling this comeback? Many potential homebuyers are finding that strict lending practices are keeping them from borrowing the money to buy one, and some just don’t want to make the purchase in today’s home market.

What do you think? Is the Atlanta market finally in favor of the apartment industry, or are you still hoping to take advantage of the housing market’s low prices?

Categories : News

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