Market for Rentals is Strong
Focus piece on how investors are rushing to buy multi-family homes. The multi-residential rental market is strong, in part because of an overall housing shortage, high rental costs in Portland, and availability of stock elsewhere. The article examines who the buyers are and who the typical sellers are, and provides a sampling of multi-family transactions, with list prices. The piece also looks at the costs of renovations and the risks to existing tenants, who are often displaced as rents are raised.
Real estate investment -- Maine, Housing
Schreiber, Laurie, "Market for Rentals is Strong" (2019). Maine News Index – MaineBiz. 7649.