Market Snapshot: Washington, D.C. Voted as a Top 10 Metro for 2009
A change in presidential administrations is always good for the real estate market in the nation’s capital, which was relatively strong already, points out Greg Willett, vice president for research and analysis at M/PF YieldStar Inc., based in Carrollton, Texas.
Best Multifamily Bets for 2009
Global recession, tight credit, nationwide layoffs and volatile gas prices have cast a harsh light on America's multifamily markets. "Flat is pretty darn good this year--that can put a metro area in the top tier of all U.S. markets."
A Tale of Two Cities
When multi-housing analysts, brokers and developers look at two key metropolitan areas of the Southwest—Denver and Phoenix—they're presented with two very different stories. In short, while Denver is enjoying a strong multifamily market, Phoenix isn't.
Trend May Not Hold
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders (NAHB)
Midwest Market Cooling but Stable
The heartland is posting fairly healthy reports this year for the multifamily sector. Many owners in Chicago and Kansas City have increased occupancy rates and posted rent increases over the course of the last 12 months. However, sales of apartment communities have been a different story in both locales due to credit issues and rising cap rates.
Rent Increases Lag Inflation Rate
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders (NAHB)
Beantown Market Still Simmers
Greater Boston has historically been a strong rental market with limited supply, a youthful demographic in this popular college town and job-changing professionals who typically rent. But a strained economy reflecting national trends and local supply increases has changed market conditions.
Starts To Date A Tad Below Expectations
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders (NAHB)
Market Report: Sunshine State?
While the Sunshine State continues to attract new residents and create some jobs, the multifamily market there is still dealing with the housing crisis fallout on a variety of fronts.
August Market Pulse
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders (NAHB)
Capital Gains
Like the elected officials who come and go, Washington, D.C. is in a state of perpetual transition. It's a markedly different place today than it was just 10 years ago -- let alone in 1800, the year it became the nation's capital.
July Market Pulse
Commentary and Data Supplied by Bernard Markstein, Staff VP for Forecasting, National Association of Home Builders (NAHB)
Market Report: Bright Spots
Even though the weather in Seattle, Portland and the Bay Area is often marked by foggy, overcast skies, the multifamily forecast for these three areas remains sunny. In fact, San Francisco, San Jose, Seattle and Portland all made MHN's list of "10 Hot Prospects for 2008."
June Market Pulse
June Market Data
Big Apple Riding Out Recession
By Michael Russo, MHN Contributing Editor
May Market Pulse
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders
Texas Capital Is Growing Fast
Employment growth and a strengthening economy are helping to reinforce an already solid Austin multifamily market. By the end of 2007, Austin added approximately 29,100 jobs and experienced an unemployment rate of 3.6 percent, the lowest in four years and well below the national average of 4.6 percent.
April Market Pulse
Commentary and Data Supplied by Dean Crist, Senior Economist, National Association of Home Builders
India Offers Growth Potential for Real Estate Investors
The two big emerging markets that now lead the news are China and India, but there are three key differences between these fast-developing economies that real estate investors need to understand.
March Market Pulse
Commentary and Data Supplied by Bernard Markstein, Director of Forecasting, National Association of Home Builders Economics
Starring Role for LA Rentals
Driven by the city's attractions and overall beauty, Los Angeles is renowned for its constant population growth and continuous influx of new residents. In fact, over the last few years, the market has added thousands of new residents and even greater gains are anticipated between 2008 and 2010. The LA market also experienced employment growth in 2007 (albeit slight), which has helped to maintain these current population increases. What continues to fuel the local Los Angeles apartment market is that a good portion of these new residents seek out rental units instead of purchasing the area's costly homes.
February Market Pulse
Commentary and Data Supplied by Robert Sheehan, Consulting Economist for the National Apartment Association
Southeast Steady Performers
Since Southeast cities like Charlotte, N.C.; Raleigh, N.C. and Nashville, Tenn. didn't really follow the condo boom, they're not likely to experience the same fall-off as cities that did, industry observers agree.
January Market Pulse
Commentary and Data Supplied by Robert Sheehan, Consulting Economist for the National Apartment Association
Apartment Market Positioned to Benefit from Housing Downturn, Demographic Shifts
A 2008 Apartment Forecast by Linwood Thompson, senior vice president and managing director of Marcus & Millichap’s National Multi Housing Group
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