The value of a Single Family Homes (SFH) is driven largely by the value of the homes closest to the home. Closest means both proximity as well as style. As you might imagine with so many foreclosures even great homes in great neighborhoods are experiencing significant drops in value.
The value of multifamily properties is driven largely from what is called Net Operating Income (NOI). NOI is simply revenue less ordinary operating expense. Other factors influence the value but NOI is the driving factor. Therefore it is possible to drive the value of a multi-family property up by either increasing revenue or controlling cost.Read more