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
Thu
19
Dec
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Gains Continue for Pierce, Kitsap and Thurston Counties

Seattle - Apartment Insights 3rd quarter results show all three counties improving for the second straight quarter, according to Tom Cain of Apartment Insights. The data are from his Seattle firm’s statistics and trends on 50+ unit properties in Pierce, Kitsap and Thurston counties.
VACANCY: 5.10%
The market vacancy for conventional, stabilized 50+ unit properties in all three counties is 5.10%, down from 5.59% last quarter. The vacancy rate was 6.74% a year ago. The vacancy rate for all properties including those in lease-up is 5.67%, down from 6.22% in the second quarter.
Pierce: 4.86%
This quarter's rate of 4.86% is virtually unchanged from last quarter. This county has made steady improvement from the 6.74% vacancy rate a year ago.
Gig Harbor has the lowest vacancy rate of any of the submarkets in Pierce County at 2.75%. The University Place, Fircrest submarket has the highest rate at 5.47% vacancy.

Thu
19
Dec
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Changes in the Apartment Housing Market

Many different variables drive the demand for apt. housing. Tenants consider location, tax policy, employment, tenant age, location of family members, availability of healthcare and education when making housing decisions.

Thu
19
Dec
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Apartment Vacancies Hit 18 Year Low as Market Tightens Across Front Range

Apartment vacancy rates across Colorado’s Front Range remained low during the third quarter, with northern Colorado’s markets reporting occupancy rates of more than 97 percent in most submarkets and Greeley hitting near an all-time low in vacancy.

According to a report released Wednesday by the Colorado Division of Housing, the vacancy rate was 2.8 percent in the Fort Collins-Loveland area and only 1.3 percent in Greeley, which was the lowest vacancy rate reported in Greeley since 1995.

Wed
18
Dec
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Four Predictions For 2014

SEATTLE, Dec. 5, 2013 /PRNewswire/ -- Zillow is making four, bold housing predictions for 2014, and has determined which housing markets will be the hottest this coming year.
2014 Predictions
U.S. home values will increase by 3 percent.
Mortgage rates will reach 5 percent by the end of the year.
It will be easier for borrowers to get a mortgage in 2014.
Homeownership rates will fall to their lowest point in nearly two decades.
2014's Hottest Housing Markets
To determine which markets will be the hottest in 2014, Zillow combined data on unemployment rates, population growth and the Zillow® Home Value Forecast.1 The list is intended to give an early view into housing markets that are likely to experience heavy demand for homes, as well as increasing home values.
2014's Hottest Housing Markets
1.
Salt Lake City
6.
Raleigh, N.C.
2.
Seattle
7.
Jacksonville, Fla.
3.

Wed
18
Dec
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Dupre & Scott Video Report: 280 MILLION PEOPLE. REALLY?

280 MILLION PEOPLE. REALLY? There’s a growing monthly trend in the number of people moving in to Washington State and the Puget Sound region. In fact, 50% more people moved here in November of this year compared to November last year. Just imagine if that trend continued.

Tue
17
Dec
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Slow and Steady Growth of U.S. Economy Lays Positive Foundation for Economic Outlook in 2014

Transwestern Releases December Edition of "the BRIEFING"

HOUSTON, Dec. 17, 2013 /PRNewswire/ -- Neither downgrades, cliffs, tapering defaults or political theater have been able to stop the slow and steady growth of the U.S. economy. Despite this ongoing uncertainty, it's business as usual for Wall Street and Main Street, according to the December edition of "the BRIEFING" report compiled by Transwestern.

A more favorable global economic outlook is also coming into focus as the Eurozone shows its first improvement in unemployment and Japan's outlook is on the rise. This, paired with a U.S. consumer who is now armed with lower debt levels and rising income, stock and home prices, should provide the foundation for continued growth in 2014.

Wed
27
Nov
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October Marks Second Straight Month of Falling U.S. Home Values

First Time in Two Years Home Values Fall Two Months in a Row, According to Zillow

- Home values rise 5.2 percent year-over-year in October; annual appreciation expected to slow to 2.7 percent by Oct. 2014.

- Half of metros analyzed showed depreciation from September to October.

Tue
26
Nov
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Home Prices Advance in Third Quarter According to the S&P/Case-Shiller Home Price Indices

NEW YORK, Nov. 26, 2013 /PRNewswire/ -- Data through September 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller[1] Home Price Indices, the leading measure of U.S. home prices, showed that the U.S. National Home Price Index rose 3.2% in the third quarter of 2013 and 11.2% over the last four quarters.
In September 2013, the 10- and 20-City Composites gained 0.7% month-over-month and 13.3% year-over-year. While 13 of 20 cities posted higher year-over-year growth rates, 19 cities had lower monthly returns in September than August.
The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded an 11.2% gain in the third quarter of 2013 over the third quarter of 2012. In September 2013, the 10- and 20-City Composites posted annual increases of 13.3%.

Wed
20
Nov
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Home-Buying Competition Continued its Steady Decline In October According to Redfin Bidding War Report

As the Market Softens, Still More than Half of Redfin Offers Resulted in Bidding Wars

Wed
20
Nov
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Realtor.com Issues Winter Home Buyer Report

Twenty-nine percent of all-cash home buyers planning a purchase in the next four months are downsizes

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