CENTURY 21 SOUTH COUNTY REAL ESTATEScott Gallagher, Associate
The outlook for investing in rentals has a positive outlook for the near future in merrillville, indiana commerical real estate sector.renting in merrillville, indiana will be good for the time being. Read the following report for the good news and check out the links!
Real estate funds gained an average 7.6%, vs. a 2.9% loss for the average stock mutual fund, reports to Lipper, a global leader in supplying mutual fund information*1. A real estate investment trust or REIT, is a company that owns, and in most cases, operates income-producing real estate*2.
REITs are benefitting from the booming apartment sector and according to Ron Witten, president of Witten Advisors, the forecast continues to be promising for REITs in 2012. As home prices remain soft, prospective buyers—and lenders—will continue to remain cautious. Witten says this means “another year of renting sounds better than buying for the average consumer” *3. Also profitable for are storage units. "REIT storage companies are benefitting, as activity has picked up from foreclosures," says Jeffrey Kolitch, portfolio manager of Baron Real Estate fund*4. Indeed, the storage industry has been one of the fastest-growing sectors of U.S. commercial real estate industry over the last 35 years*5.
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