Skip to contentThe precipitous drop in the national homeownership rate, coupled with the emergence of an 80 million–strong Gen Y demographic now entering peak renting age, has most housing experts convinced that the multifamily apartment market is on the cusp of a historic boom.
According to research firm Marcus and Millichap, asking and effective rents increased in the Austin, Texas, metropolitan area were projected to end 2011 more than 3 percent higher year-over-year. The city's rental market performed strongly in 2011, which the firm attributes to a positive employment outlook and limited construction of new units. Employers added 2… … Read more
New projections from forecasting firm Property and Portfolio Research (PPR) suggest average rents and median household incomes will increase at comparable rates, The Wall Street Journal reports. The forecast indicates rental property management firms and landlords will be able to raise rents in 2012, the news source suggests, rather than having that capability dulled. The… … Read more
Rental property management firms and landlords should be aware of the effect developing government policy may have on the multifamily sector. According to Apartment Finance Today, government tax code reforms may negatively impact the industry. With lawmakers and government officials struggling to cut spending and find new revenues to resolve the federal budget deficit and… … Read more
The apartment sector of the U.S. real estate industry experienced 5.8 percent revenue growth during 2011, according to MPF Research. A recent report from the firm indicates the national occupancy rate climbed 1.1 percent while effective rent growth was 4.7 percent, driving that increase. Analysts did note some regional shifts, such as declining revenues in… … Read more
It occurs to me that if these REITs go public, DLA relinquishes any control over them, once they get listed on an exchange. How many clients are going to hang around with Mr. Lerner and his (cough!) counselors after that? These shares will be stuffed into ScottTrade accounts, and there goes the bulk of DLA’s … Read more
Interview questions about weaknesses can be some of the tougher questions to answer. Anticipating the interview question and preparing your answers ahead of time is a recommended approach. The more insight you have into your own personality, character and temperament, the better you will be able to articulate a persuasive response that works to your … Read more
Those with commercial property investments in the UK have experienced “relatively healthy” returns during 2011, it has been asserted. According to the CB Richard Ellis (CBRE) Monthly Index for December, the annual return on such an investment last year stood at 8.1 per cent. However, the firm stressed there is a disparity between the income … Read more
Today is one of those very rare days that my blog will be “off topic,” meaning there will be no tie to the Tallahassee real estate market. Every so often I feel compelled to share my viewpoint on a current event, and today I want to share a unique perspective on a hot global story … Read more
Federal officials and lawmakers have failed to get behind the proposal by Federal Reserve Chairman Ben Bernanke that real estate-owned properties be converted into rentals in order to reduce excess home inventory, HousingWire reports. While this may be slowing the recovery of the single-family housing market, experts and policymakers have expressed mixed opinions over… … Read more