| We asked Walker & Dunlop VP Brendan Coleman about Boston's multifamily market; he tells us while the recession damaged portfolios nationwide, core markets like Boston have rebounded quickly. Brendan?s team at the commercial real estate financial firm notes the current trend of increasing FHA affordable housingand new inner city developments. Why? With the compliance period for many developments expiring, rents are about to return tomarket value, increasing the need for affordable housing. As for current assets, investors are flocking back to the market to buy-in to the limited supply. But Brendan says no worries, Walker & Dunlop has many new loans in the pipeline for Boston, meaningmore developments are soon to come. For more info on Walker & Dunlop, go here. |
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