Well, hello 2011, you’re looking dapper. Starting 2011 with some good news, the Association of Foreign Investors in Real Estate has named the Washington, D.C. metro market the #2 favorite market for investors, right behind New York City.
An excerpt taken from the Washington Business Journal article this morning:
“As the fear of a double-dip recession has faded, investors are becoming more enthusiastic about the prospects for the U.S. economy and are taking aim at real estate investment opportunities,” said AFIRE Executive Director James Fetgatter. “However their strategy is more akin to a rifle than a shotgun. Except for multi-family housing, they are not scattering their interest throughout the U.S., but rather narrowly targeting it to New York City and Washington, D.C. to an even greater extent than in previous years.”