Blue Asset Management Bullish on Multi Family Housing

The result, according to Charles Blumenkehl, managing partner of Blue Asset Management LLC, is that multi-family housing has become a more popular investment for the company as it seeks to take advantage of the lower market values and rental demand in today’s current environment.

Wayne, NJ, August 12, 2011 - While residential real estate sales are still affected by the foreclosure crisis and restrictions on financing still impact the real estate market creating difficulties in obtaining home financing for many buyers, the need for housing still remains. The result, according to Charles Blumenkehl, managing partner of Blue Asset Management LLC, is that multi-family housing has become a more popular investment for the company as it seeks to take advantage of the lower market values and rental demand in today’s current environment.

According to Blumenkehl, "There is no question that new and existing multi family housing is making a return to healthier market conditions. We see this in our own fund, and our perspective is supported by studies released from both the National Association of Realtors and the National Association of Home Builders." Blumenkehl points to statistics released by the two organizations over the past two quarters which show demand for existing multiple family dwellings increasing while builder sentiment for the development of multi-family housing has increased to its highest level since 2006.

"Additionally," says Blumenkehl, "with interest rates as low as they are and real estate prices at such attractive levels, qualified buyers of multi family homes can often find themselves living 'rent free' with the rent they receive from the rental unit or units in their home exceeding the cost of their mortgage payment, and the yield for funds like ours are more robust as a result."

Vacancy rates for multi family property are also declining as more families in need of housing end up renting instead of purchasing due to financing restrictions. Also, families who have lost their homes due to foreclosures or short sales having no choice but to rent for the next number of years. The Multifamily Vacancy Index, a study which measures the level of vacancies in the real estate rental market, also declined to its smallest number since the third quarter of 2006-and is half of what it was a year and a half ago, indicating substantially fewer rental vacancies in today’s real estate market.

Charles Blumenkehl and Blue Asset Management LLC own, manage and operate residential and commercial rental properties throughout northern New Jersey. For more information about Mr. Blumenkehl or Blue Asset Management LLC, or to contact the company about real estate investment opportunities in New Jersey, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.

Contact:

Charles Blumenkehl

Managing Partner

Blue Asset Management LLC

2282 Hamburg Tpke

Wayne, NJ 07470

(973) 835-1400 ext. 103

Fax (973) 835-8105

cblue@bluerealty.com

http://www.blueassetmanagementllc.com

http://www.Linkedin.com/charlesblumenkehl

Housing Wealth Effect Hits U.S. Economy

The erosion of the syndrome known as the "Wealth Effect" is showing that fall out from the housing slump is having a major impact on the U.S.

Destin, FL, March 01, 2011 -- The erosion of the syndrome known as the "Wealth Effect" is showing that fall out from the housing slump is having a major impact on the U.S. economy, according to Housing Predictor analysts.

Consumer spending habits slowed for a time after the housing bubble burst as the "Wealth Effect" made people feel like they were losing money as equity in their homes dissipated with falling home values. Three years after the financial crisis consumers have changed their habits, cutting spending on many consumer goods.

A study conducted by Harvard’s Joint Center for Housing Studies showed that the real estate bubble would have only been about half its size had banks and mortgage companies not offered the new breed of mortgages, reducing the number of troubled properties in foreclosure substantially.

The foreclosure crisis has resulted in more than 6-million U.S. foreclosures and is gaining momentum as more homeowners lose the ability to pay mortgages, and other upside down mortgage holders walk away from their homes. Historically housing leads the U.S. economy out of recessions, but the economy has sustained a massive blow from the bankers, who developed new mortgages and sold them to anyone that could sign their name.

Check your housing market forecast, check mortgage rates and real estate news at http://www.housingpredictor.com

Contact:

Mike Colpitts

Editor

HousingPredictor.com

225 Main Street

Destin, FL 32541

850-622-1016

johnstraightline@yahoo.com

http://www.housingpredictor.com

Best and Worst Housing Market Forecasts

The best and worst housing market forecasts for 2011 have been issued by Housing Predictor, which selects the 25 best and 25 worst markets annually.

Destin, FL, January 26, 2011 -- The best and worst housing market forecasts for 2011 have been issued by Housing Predictor, which selects the 25 best and 25 worst markets annually. Markets selected have the highest probability of reaching their forecasts, and are updated over the entire year as housing market conditions change.

Despite the troubled economy, more than 15 states are projected to experience housing inflation or appreciation in 2011. Eleven are represented on the best 25 housing market list, indicating that stabilizing factors are projected to impact much of the country in the New Year.

However, there’s no shortage of real estate markets that will experience housing deflation as the U.S. struggles to recover from the worst downturn in real estate in decades. The foreclosure crisis has topped 5-million homes and is forecast to gain momentum as more and more homeowners, who have lost equity in their homes walk away from their homes.

Consumers, bankers, mortgage companies, retail outlets and real estate firms consult Housing Predictor forecasts. Housing Predictor forecasts more than 230 housing markets in all 50 states and offers real estate news, foreclosure listings, mortgage rates and analysis on the housing market at http://www.housingpredictor.com

Contact:
Mike Colpitts
HousingPredictor.com
225 Main Street
Destin, FL 32541
850-622-1016
yourrealestatepro@hotmail.com
http://www.housingpredictor.com