Economy Watch: SF, NY Remain Nation’s Priciest Rental Markets
Apartment rents continually rose over the course of 2017, but changes among specific markets varied greatly, according to a recent ABODO report.
Top 10 Dallas Apartment Owners
The city continues to enjoy a thriving economy and a growing demographic expansion. However, as a result of the recent construction surge, the metro’s average occupancy rate decreased last year.
2018 Top Mortgage Banking Firms
The 2018 CPE-MHN Top Mortgage Banking Firms survey once again featured a mix of diversified real estate companies and dedicated lending institutions.
Is Atlanta Approaching a Market Peak?
The metro’s development boom is not slowing down. Multifamily investments and deliveries showed signs of peaking by year-end, as roughly 8,700 units came online as of October 2017.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.
Baby-Boomers Impact on the Apartment Industry
The renter segment aged 55 and over increased by 28 percent, while renters under 34 years of age increased by only 3 percent between 2009 and 2015.
October 2017
A senior economist with the National Association of Home Builders (NAHB) supplied commentary and data about multifamily starts, price indices, existing condo sales and building materials.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for November 2017 in New York City.
Rent Growth
Despite the slight drop in overall rents, the year-over-year rate of growth increased to 2.5% nationwide in November, up 10 basis points over October. Overall rents are now $4 off their all-time high of $1,362, which was achieved in September.
Houston Embarks on Healing Process
The outlook for the multifamily sector will brighten as residents in need of housing absorb the new supply. Rents showed positive growth for the first time in more than a year.