News & Trends

This department of Rental Housing Journal is dedicating to keeping apartment owners, multifamily executives, real estate investors, landlords and other real estate professionals up to date with the latest trends in real estate, property management and more. Here you will find trends in rents, real estate sales, apartment development, the economy at large and property management and investing industry matters.

real estate market trends
Fri
18
Jul
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Dupre & Scott Video Report: WAITING FOR A PARKING SPOT

WAITING FOR A PARKING SPOT? Are you having trouble finding a parking space these days? Fear not. It will get worse. Gone are the days when developers build in one or two parking spaces for every new apartment unit. Let’s take a look at what’s happening.

Sun
13
Jul
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Dupre & Scott Video Report: DECLARATION OF HALF WAY

DECLARATION OF HALF WAY Let’s take a quick look at sales activity in the first half of this year and compare it to the first half of last year to see how investor attitudes have changed. These trends are for sales of 5-unit and larger apartments in king, Pierce, and Snohomish counties. First, sales volume is up almost 40% this year.

Sat
28
Jun
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Dupre & Scott Video Report: More is.... More

MORE IS… MORE Year-to-date migration into the region is up 24% this year compared to last year. A total of almost 43,000 people moved here between January and May. Even if half as many moved out, that still means there are 21,500 more people lining up at Starbucks every morning.

 

Mon
09
Jun
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Tucson - Multifamily Housing Market Update

Tucson - Multifamily Housing Market Update

The second largest metropolitan area in Arizona, is gaining attention for purchasing opportunities, in the multifamily housing market. There were approximately twenty one verified closed arms length transactions, between January 1st, 2014 and May 20th, 2014, of 8 unit plus properties. Six of these sales were to California buyers. Over 25% of the sales were either distressed property sales and/or suffered from deferred maintenance. One sale was sold via auction and one was a bankruptcy sale.

The average size complex sale consisted of 60 units and all sales ranged from 5 unit to 272 unit properties. Actual cap rates of the sold properties ranged from 5.98% to 14%. and averaged 7.48%. Price per square foot of improvements ranged from a low of $20.44 to a high of $104.32 and averaged $51.99 per square foot.

Mon
09
Jun
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The Battle Ground of Rising Rents.

By Bill Hinkle, Executive Director
Rental Housing Association of Washington

Sun
08
Jun
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Dupre & Scott Video Report: HOW ARE NEW UNITS SELLING

HOW ARE NEW UNITS SELLING Apartments built since 2010 accounted for more than one-quarter of the sales volume since May of last year. And that’s just the tip of the iceberg, with 10,000 new units expected to open this year followed by another 14,000 units next year. New construction sales are likely to command an even larger share of sales activity. So le's see how these sales are different.

Sun
01
Jun
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Dupre & Scott Video Report: DIGGING UP SUBMARKET SALE TRENDS

DIGGING UP SUBMARKET SALE TRENDS We talk about Seattle trends in these videos a lot. That’s because there are more sales in Seattle making it easier to spot trends. But there are some interesting sales trends in other submarkets, so we dug around in the cellar archives to find some trends to discuss today. Let’s take a quick look at them.

Fri
23
May
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Portland: Multifamily Housing Update 4Q13 April 2014

4Q13 Payroll Trends and Forecast

Thu
22
May
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Dupre & Scott Video Report: WHO GETS QUANTITY DISCOUNTS?

A couple of weeks ago we looked at rent trends for smaller properties compared to larger properties and found some interesting trends that surprised a lot of people. If you want to check it out, the video is called "Sometimes mom-and-pop's pop." But that video also generated more questions, particularly about sales performance. So here's a look at sales trends based on property size.

Wed
21
May
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Seattle: Market Strengthens; 46,755 Units in the Pipeline

Seattle - Latest quarterly Apartment Insights survey shows rents up 1.6%, vacancies down .25%, and 46,755 units in the new construction pipeline according to Tom Cain of Apartment Insights. The data are from his Seattle firm’s 1st quarter statistics and trends on 50+ unit properties in the King/Snohomish market. VACANCY: 4.38% The vacancy rate for our nonrandom survey of conventional, stabilized 50u+ properties in the King/Snohomish market is 4.38%. This is virtually the same rate of six months ago, and an improvement from the 4.63% in the fourth quarter. A year ago it stood at 4.58%. The overall vacancy rate which includes properties in lease-up and out-of-service increased from 6.15% to 6.24%. King County has a vacancy rate of 4.38%, the same as the overall rate. Snohomish County is at 4.35%. This is a tad lower than the overall rate, but not low enough to affect it because only about 20% of the properties are in Snohomish County.

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