Costa Mesa Real Estate Investors Buoyed by Apartment News
Posted by Matt Kanoudi on
For much of the spring and summer, the real estate spotlight has been focused on the vexing situation landlords have experienced. The government-ordered rental relief measures designed to protect tenants made landlords scramble. So last week, single- and multi-family Costa Mesa landlords who happened across the Wall Street Journal headline, “It’s a Very Good Time to Own an Apartment Building,” would certainly have read further.
The author was Will Parker, a seasoned industry observer. It turned out that his opinion was backed up by last month’s nationwide statistics. If anything, they made the headline an understatement. The numbers showed national asking rents rising by 10.3% over a year earlier, making August a month that saw the first…
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